Herodotou: Cyprus Banking Sector Faces Ukraine War Effects From Financially Sound Position

09:49 - 06 Μαΐου 2022

GoldNews

Governor of the Central Bank of Cyprus Constantinos Herodotou said Thursday that the banking sector of Cyprus faces the effects of the Russian invasion in Ukraine from a financially sound position, adding that the first-round effects of the war on the Cyprus banking system do not appear to pose any material threat to the banking sector since the direct links of Cyprus’ banking sector with Russia and Ukraine are limited and not material.

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