Speaking after the signing ceremony for the EIB facility, Dr. Kirill Zimarin, CEO of RCB Bank thanked the EIB for its valuable support in reinstating Cyprus as a growing and stable economy in the European Union.

Dr. Zimarin underlined the fact that a lot has been achieved during the last couple of years making stability and the prospects of growth appear much faster than expected. Dr. Zimarin praised the excellent and focused work conducted by the Minister of Finance and his team which led to these remarkable achievements.

The CEO of RCB Bank also stated that banks have an important role to play in restoring the credibility of the banking sector and noted that “What Cyprus really needs is strong, well-managed and prudent banks”.

Dr. Zimarin urged banks facing problems to use the tools provided to effectively deal with them. “This will enable Cyprus to gain the investment grade rating it deserves, to attract investments and return to viable growth,” concluded Dr.Zimarin.

Source: Financial Mirror