Central Bank of Cyprus to implement organisational change

Central Bank of Cyprus, Nicosia
The Central Bank of Cyprus
Photo: TourinNicosia/Wikimedia Commons

The board of directors of the Central Bank of Cyprus has approved a major reorganisation for the bank, it announced on November 26, after an internal review that followed the country's banking crisis.

The new structure, effective from February 2016, will feature four divisions: supervision; economics, statistics and financial stability; banking operations; and corporate services.

Each will be assigned a 'head of division', who will report to governor Chrystalla Georghadji. The changes appear to

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