The Central Bank’s head of licencing and supervision has resigned citing personal reasons, recent reports said.
Yiangos Demetriou will remain in his place until the end of the year to ensure a smooth succession.
Reports said Demetriou had submitted his resignation 10 days ago. He is due to retire in April 2020 but he will be reportedly doing so in February next year by using his accumulated days of leave.
Demetriou took office in 2013, amid the storm created by the EU’s decision to seize bank deposits as part of the island’s bailout.
Source: Cyprus Mail