Banks should transmit capital cushion to the economy, Central Bank Governor says
Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC), will hold a teleconference with the chiefs of the Cypriot commercial banks to discuss how the capital buffer created by the European Central Bank’s decisions will be transmitted to the real economy amid the disruption created by the COVID-19 epidemic.
The decisions announced by the ECB’s Single Supervisory Mechanism (SSM) created a capital buffer for Cypriot systemic banking institutions amounting to €1.3 billion.
(CNA)
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The decisions announced by the ECB’s Single Supervisory Mechanism (SSM) created a capital buffer for Cypriot systemic banking institutions amounting to €1.3 billion.
(CNA)
*The full text of the news item is available in the paid version of the CNA web service. Subscription Form
*CNA reserves the copyright to the news stories it files, which is granted to subscribers for specific use only.
from Cyprus News Agency
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