Bank of Cyprus CEO Sees Consolidation in Island’s Banks
- Bank would ‘proceed’ if opportunities arise, Nicolaou says
- Lender set to pursue more non-performing loan portfolio sales
This article is for subscribers only.
Cyprus’s banking industry could be set for a round of consolidation and Bank of Cyprus would likely have a role in any activity, Chief Executive Officer Panicos Nicolaou said in an interview.
While the Nicosia-based bank is not currently evaluating specific targets, “as the largest lender on the island, we will proceed if there’s an opportunity,” Nicolaou said.