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Cyprus

DISY leader censures central bank governor

DISY leader Averof Neophytou censured the Central Bank (CBC) governor on Saturday amid rumours that a number of individuals elected to the board of the Bank of Cyprus earlier this week did not fit the criteria.
Neophytou was criticising the apparent delay in the CBC’s vetting procedure, which had started when the 49 candidacies were submitted last week.
The vote took place at the AGM on Tuesday.
“How difficult was it to do the evaluation before the AGM? When are we going to learn to be serious and responsible in this country?” Neophytou said.
Rumours have been swirling for the past couple of days that three people were going to be rejected after failing to meet the criteria.
The CBC however, has remained tight-lipped on the matter.
Twelve of the candidacies were people sitting on the lender’s interim board and therefore already vetted.
“So you have some 30-35 people to evaluate. You could have been finished in five days, before the AGM, if you did seven a day,” Neophytou said.
Meanwhile, daily Phileleftheros reported yesterday that CBC Governor Panicos Demetriades made €9,500 gross per month plus a series of other perks like a tax-free expense allowance, car and others.
His contract had been leaked to the newspaper after it was sent to parliament, which wanted to know about his income and whether he had agreed to any pay cuts like all other civil servants.
That question remained unanswered, the paper said.

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