Baker Tilly Klitou and Partners Limited has been appointed as the External Auditors of the Central Bank of Cyprus for the financial years 2023 to 2027, according to an announcement released on Monday.

The announcement noted that the appointment follows a public procurement procedure, identified as no. 03/2024, and is in accordance with applicable legislation.

The decision was confirmed on July 2, 2024, when the Governing Council of the European Central Bank (ECB) adopted Recommendation C/2024/4411 – ECB/2024/16, formally endorsing Baker Tilly Klitou and Partners Limited for the role.