The new CEO of Ancoria Bank, M. Hadjikyriacou to "P" - Competition on equal terms

Marios Hadjikyriacou, the newly appointed CEO of Ancoria Bank, highlights the vital role that smaller banks play within the Cypriot banking system. He emphasizes that flexibility, speed, and a customer-centric approach allow smaller institutions to provide tailored solutions that larger banks might overlook. By investing heavily in technology, Ancoria Bank aims to compete on equal terms while maintaining a modern and secure banking experience. The bank's deposit portfolio has grown to exceed 800 million euros, which is seen as a sign of strong client trust and stability. Furthermore, the strategic focus remains on digital transformation, ESG principles, and maintaining a high-quality loan portfolio with low non-performing loans. The CEO also mentioned that the bank is open to evaluating potential acquisition opportunities as they arise in the market.