[INSIGHT] CyprusProfile.com asked RCB Bank CEO Kirill Zimarin which key areas of opportunity or growth he sees in the banking sector, and what his expectations are for Cyprus in 2017.
"2017 onwards marks an increased need for the Cyprus banking system to support the recovery of the economy and facilitate new investments in Cyprus. Cypriot banks should extend lending to SME businesses in the core sectors of the economy. It is through such support and the decrease of the cost of lending, that healthy Cypriot companies will be able to materialise their growth and investment plans, thus leading to a faster growing economy. At RCB Bank we have continuously been supporting Cypriot business, even throughout the crisis years, and this has now been intensified both through our corporate lending department, but also through key cooperation such as with the EIB and the EIF, which provide businesses with excellent and competitive lending options. By supporting Cypriot business and the main pillars of our economy we are solidifying the growth of the economy in 2017 and beyond".