Cypriot bankers have expressed their satisfaction with President Nikos Christodoulides’ recent visit to the US, where he promoted the Mediterranean country as an attractive destination for investment.
Top financial figures are now calling for such missions to become a more official and regular occurrence, ideally taking place more than once a year, to create long-term positive results for the Cypriot economy. They believe that coordinated outreach to major players in banking, tech, shipping and energy is key to putting Cyprus on the radar of major Western investors.
All three CEOs from Cyprus’ systemic banks (Bank of Cyprus, Hellenic Bank and Alpha Bank Cyprus), who took part in the mission, shared positive feedback with Kathimerini. They described the trip as an excellent fact-finding and networking opportunity, while underscoring the need for more such efforts by those driving the country’s business agenda.
Cypriot banks have been working to rebuild their reputation in the US. Since 2017, they’ve conducted regular visits to the US, often in coordination with law firm Pillsbury Winthrop, to showcase progress in anti-money laundering, sanctions enforcement and regulatory compliance.
