Covid-19 presents an “unprecedented external economic shock,” Bank of Cyprus CEO says
The coronavirus outbreak is first and foremost a health crisis, presenting an unprecedented external economic shock, Bank of Cyprus’ Chief Executive Officer Panicos Nicolaou said, with the Bank’s chairman Takis Arapoglu noting that the Covid-19 would slow the bank’s progress in addressing its main challenges.
“Cyprus and the world are coming to terms with a global pandemic that is changing the way we run our businesses and conduct our daily lives. COVID-19 is first and foremost a health crisis, presenting an unprecedented external economic shock,” Nicolaou told a virtual Annual General Meeting held digitally due to the Covid-19 measures.
(CNA)
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“Cyprus and the world are coming to terms with a global pandemic that is changing the way we run our businesses and conduct our daily lives. COVID-19 is first and foremost a health crisis, presenting an unprecedented external economic shock,” Nicolaou told a virtual Annual General Meeting held digitally due to the Covid-19 measures.
(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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