CyprusProfile.com asked cdbbank CEO Costas Argyrides which key areas of opportunity or growth he sees in the banking sector, and what his expectations are for Cyprus in 2021.

The unfolding of Covid-19 into a global pandemic will inevitably lead to unprecedented changes to the global economy which clearly impacts the banking sector worldwide. In this rapidly evolving economic environment the management of banks had to adapt their strategy accordingly in an effort to mitigate risks and plan ahead for the future. The fact that the impact is asymmetric, per sector, clearly leads to new opportunities for growth and changes in strategic priorities. With the above in mind, areas for growth for the year ahead include: digitisation drive, liquidity management solutions, focus lending in growth sectors, expansion of disintermediation and drive in wealth management.