Nicosia, Cyprus. The Association of Cyprus Banks presented a new strategy focused on strengthening outward engagement, as newly appointed director general Marios Skandalis outlined the plan during a media briefing.
Strategy presented during media briefing
Skandalis presented the strategy at a working breakfast with representatives of the media, describing it as a new chapter in the organisation’s long-standing history aimed at reinforcing its role in society and the economy.
Focus on openness and stakeholder relationships
The association said the strategy centres on enhancing openness and building meaningful relationships with social and business stakeholders, as well as strengthening cooperation with the state.
According to the association, the new approach seeks a more active and influential role through dialogue and proactive collaboration, positioning the organisation as a reliable partner that listens to the needs of both the market and society and takes action.
“The Association of Cyprus Banks, building on its long-standing contribution, is moving forward into a new chapter of activities,” Skandalis said.
“Our intention is clear, we want an organisation that is more open and that actively seeks synergies with all social and economic partners,” he added.
Multi-layered approach beyond traditional banking
The presentation highlighted the need for a multi-layered approach that goes beyond the traditional boundaries of banking, extending cooperation to the state and various institutions while maintaining an open channel of communication with society.
Cooperation with the state and safeguarding Cyprus’ reputation
In terms of cooperation with the state, the association aims to provide practical support to strengthen the economy and safeguard Cyprus’ reputation, positioning itself as one of the most trusted and effective partners.
“The aim is to provide tangible support to the work of the state in strengthening the economy and maintaining a strong reputation, establishing the association as one of its most trusted and effective partners,” Skandalis stated.
Closer collaboration with business and social organisations
The strategy also emphasises closer collaboration with business and social organisations, with the goal of promoting shared objectives and joint initiatives.
How do you think stronger cooperation between the banking sector, the state, and social partners could affect Cyprus’ economy?
