Cyprus Mail

Coronavirus: Rotational closures at Bank of Cyprus branches

Bank of Cyprus sees losses after provisioning for NPLs.

In a bid to stop the spread of the coronavirus, the Bank of Cyprus said Monday it would be implementing rotating closures of branches depending on the needs in each area.

In a statement on Monday, the lender said the branches will be closed to the public, but staff would continue to work, putting priority on processing borrowers’ applications for suspension of loan payments until the end of the year.

The bank said it will announce the closure schedule in all its branches although some last-minute changes may exist depending on daily developments.

Bank of Cyprus said it would continue to take all safety measures within its branches, constantly making new arrangements in an effort to limit the spread of the virus.

However, the bank said, whatever the measures, the safest and fastest way for customers was through its online services.

At its branches, Bank of Cyprus gives priority to vulnerable groups between 8am and 9am. Staff also take customers’ temperature at the entrance and provide antiseptic at the entrance.

Plexiglass shields have also been installed to protect tellers and special marks have been placed on the floor so that people can keep their distance.




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