President Nikos Christodoulides met with Jason Rickett, Head of Corporate Relations at financial services group Citi, in New York on Thursday to discuss the global financial group’s services and the potential for expanding its presence in Cyprus.

Government spokesperson Konstantinos Letymbiotis said the meeting included “an extensive reference to the services that Citi provides, as well as the prospect of a further and more multi-level presence of its activities in Cyprus.”

In a post on X, he noted that Citi is “one of the largest financial institutions in the world” and that discussions touched on the company’s international operations and interest in Cyprus.

Letymbiotis said the government reiterated “its firm commitment to maintaining a strong and reliable banking system, active compliance with international standards of transparency and sanctions, as well as the clear political will to attract strategic partners that will contribute to the further economic development of the Republic of Cyprus.”

He added this comes “at a time when the steady upward trajectory of the Cypriot economy presages those prospects for attracting quality investments.”