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Cyprus Eastern Forum Index » Banking, Insurance & Investments » BoC looking at more automation, cost-cutting, bank tells sta
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BoC looking at more automation, cost-cutting, bank tells sta 
Post: #1   PostPosted: Tue Jul 09, 2019 12:59 am Reply with quote
Steve - SJD
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BoC looking at more automation, cost-cutting, bank tells staff

Shifting to an increasingly automated environment, reduced red tape, and
simplified processes, created opportunities for cutting labour cost, an issue
that the Bank of Cyprus will be looking into as part of preparing next yearís
budget, a senior executive has said.

In a letter to staff, deputy CEO and chief operating officer Christakis
Patsalides, reiterated that the lenderís priority was to reduce its bad debts
further, still above 30 per cent against a eurozone average of 3 per cent.

Patsalides said the bank remained focused on... [Read More]

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BoC looking at more automation, cost-cutting, bank tells sta 
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