Cyprus Mail
Business

RCB CEO re-elected local head of International Bank Association

Dr. Kirill Zimarin

Dr Kirill Zimarin, CEO of RCB Bank Ltd has been re-elected president of the Association of International Banks in Cyprus during the 16th Annual General Meeting that took place in Limassol on Wednesday.

According to a press release, Zimarin, who has been president of the association since 2008, will continue to chair the association for the next two years.

Referring to the latest developments in the economy, Zimarin said he was pleased that the Cyprus economy recorded growth, noting at the same time the remaining challenges such as the ever-changing regulatory environment, the sanctions imposed and the issue of non-performing loans (NPLs).

“But overall we share the assessment of both the Cyprus government and international institutions that there has been a remarkable recovery. Financial stability is one key condition for our sector to be able to operate optimally and therefore we welcome steps in that direction,” he added.

With regards to the multifaceted work conducted within the past years, Zimarin reiterated the association’s commitment to support the interests of its members.

The Association of International Banks was established in Limassol in 2002, with the aim of representing the interests of international banks in Cyprus. Since its inception, the association, which has 20 member-banks, has played a leading role in issues affecting the international banking sector.



Related posts

Plans for new psychiatric hospital to be submitted in the coming days

Jonathan Shkurko

Visit by aircraft carrier ‘proof of close relations’, French embassy says

Evie Andreou

Backlash over ‘sexist’ and ‘body-shaming’ carnival ad (with video)

Gina Agapiou

MPs will pass a law regulating parliament’s own audit mechanisms

George Psyllides

Decision for new quarry put on hold after backlash

Annette Chrysostomou

Charred remains were Nicosia farmer

Staff Reporter