Awards for Excellence 2020
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Cyprus’s strict approach to tackling the coronavirus has meant the health crisis has been much less severe there than in many other states in Europe.
Bank of Cyprus played an especially important role in bringing private-sector aid to support what the government was doing in terms of the medical response and mitigating the social effects of the lockdown and quarantines. It’s chief executive is Panicos Nicolaou.
As the country’s biggest bank, Bank of Cyprus did all the things its peers have done across Europe such as delaying repayments, waiving fees and distributing state-backed loans to businesses.
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