Banks are now focusing on providing the widest possible support to the economy to minimise the pandemic impact and to safeguard the banking sector’s performance in the years ahead.
CyprusProfile.com asked Association of Cyprus Banks (ACB) Director General, Michael Kammas, which key areas of opportunity or growth he sees in the banking sector, and what his expectations are for Cyprus in 2021.
Although key indicators are under pressure at the moment due to the pandemic, Cyprus banks had strong performance in 2019, are stable and well capitalised, and the sector has shown overall improvement during the last years. Banks are now focusing on providing the widest possible support to the economy to minimise the pandemic impact and to safeguard the banking sector’s performance in the years ahead.
