NPL issue must be resolved, say int’l bankers

“In order to further increase the investment attractiveness of Cyprus, the issue of NPLs must be resolved,” Dr. Kirill Zimarin, CEO of RCB Bank and President of the Association of International Banks in Cyprus told the bankers’ annual meeting.

“This will enable for the development of new perspectives for the Cypriot banking sector,” Zimarin added, explaining that the association, that groups together 24 banks aims to represent and protect the interests of international banks in Cyprus.

In his speech, Zimarin underlined the multifaceted work conducted by the AIB over the past year and noted that “the Association has established itself as a credible and constructive professional body not only in Cyprus but also abroad. It is active in promoting the interests of its members and the Cypriot banking sector at European and International level”.

Present at the 13th annual general meeting of the AIB that took place in Limassol on Friday, was Finance Minister Harris Georgiades who applauded the association for its constructive role in the Cyprus economy and thanked its members for the trust they have placed in Cyprus.

Also present at the AGM were the Governor of the Central Bank of Cyprus, Chrystalla Georghadji, representatives of the diplomatic corps, Members of Parliament and the Financial Ombudsman.