President, banks ‘constructive exchange’ on interest rates

President Nikos Christodoulides met bank heads on Monday for a “useful and constructive exchange” on his proposals for interest rate changes to help vulnerable groups.

Government spokesman Konstantinos Leymbiotis said at the same time it was accepted that banks “must be kept alive and substantial” .

He said the president’s proposals on interest rates are aimed at reliable borrowers and “population groups on which the state can place in its