The Association of Cyprus Banks (ACB) on Thursday announced that Panicos Nicolaou , chief executive officer at the Bank of Cyprus, has been appointed as its new president following the most recent meeting of board of directors.
Demetris Shacallis , chief financial officer at Eurobank , has been appointed vice-president.
According to the association’s statutes, both the president and vice-president will serve a two-year term.
The change in leadership follows
