15 Sep 2025 | 5 Mins Read
Cyprus benefits from cross-border bank consolidation, Patsalides notes
Flipitmoney
Cyprus' central-bank chief Christodoulos Patsalides welcomes cross-border mergers between large European lenders to strengthen the country's financial system. He believes it drives competition and benefits the economy. Recent acquisitions of Cypriot lenders by Greek banks like Eurobank SA and Alpha Bank SA, along with a strong capital position, support the sector's resilience.