In addition, Bank of Cyprus’ outstanding emergency liquidity assistance (ELA) dropped in September to €1.3bn or below, from €1.5bn the month before, the supervisory authority said in its September balance posted on its website recently.
Bank of Cyprus’ chief executive officer John Hourican said recently that the bank’s ELA, largely inherited from Cyprus Popular Bank in 2013, had already dropped to below €1bn.
Source: Cyprus Mail
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Georg Bühler, ,
Digital assets are no longer a niche, but a part of modern finance attracting a growing number of investors – and there is immense potential for Cyprus to become a leading cryptocurrency hub. By fostering a more inclusive regulatory ecosystem, Cyprus can diversify its financial services sector and position itself at the forefront of digital finance, says Georg Bühler, Managing Director of Mount Pelion Capital.
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