CEOs of Cypriot systemic banks list challenges for banking sector

Over-banking and excess regulation are challenges the banking sector in Cyprus is confronted with, according to the Chief Executive Officers of the three systemic banks on the island. John Patrick Hourican from the Bank of Cyprus, Nicholas Hadjiyiannis from the Cooperative Central Bank and Ioannis Matsis from the Hellenic Bank spoke of the challenges and opportunities in the Cypriot banking system during a lecture at the University of Cyprus, on Tuesday. Meanwhile, the economic sentiment in Cyprus picked up in April.

Source: Cyprus News Agency