CyprusProfile.com asked Bank of Cyprus CEO, Panicos Nicolaou, which key areas of opportunity or growth he sees in the banking sector, and what his expectations are for Cyprus in 2021.

The key opportunity is our country's transition to the era of the fourth industrial revolution. The digital revolution is no longer an abstraction. Bank of Cyprus is constantly upgrading and expanding its range of digital products and services and cultivating digital culture among its staff and customers. Our actions come under of the philosophy “CYON” (Cyprus On) and go beyond banking. Beyond Banking is about services and products that traditionally were not associated with the industry however recent technological innovations open up a variety of opportunities through Digital Channels.