The Ministry of Finance and the Central Bank of Cyprus (CBC) consider the decision of the Bank of Cyprus to release fixed-term deposits as very important.
This move by the Bank of Cyprus indicates that our banking system is on the course to stabilisation and will help to strengthen the confidence of the public and investors in our banking system.
The Ministry of Finance and the CBC will continue their efforts to fully restore financial stability which, in turn, will be essential for the recovery of the Cyprus economy.