The Bank of Cyprus has announced its new organisational structure, proceeding with changes that are in line with the Bank's evolution while simultaneously supporting its course for the coming years.
As stated by the CEO of Bank of Cyprus, Paninos Nicolaou, in his message to the Bank's staff, the organisational structure is evolving along with the needs and priorities of the Group.
"The changes we are announcing today are in line with our evolution and support our course for the coming years. These changes also complete the succession of Deputy CEO and Chief of Business, Charis Pouangare, who retires in December 2026," Nicolaou pointed out.
Specifically:
- Demetris Th. Demetriou , Chief Risk Officer, assumes the position of Chief of Wholesale Banking (Cyprus), with responsibility for the Corporate & SME Banking Division and the International Business Units. Xenios Konomis, Director of Corporate & SME Banking and Haris Pistos, Director of International Banking will report to Demetriou.
- Stephanos Lazarou, Manager, Risk Strategy, assumes the position of Chief Risk Officer and will report to the Risk Management Committee of the Board of Directors.
- Anna Sofroniou, Director of the Real Estate Management Unit (REMU) & Restructuring and Recoveries Unit (RRU), assumes the position of Executive Director, International Corporate Banking & Wealth, with responsibility for International Corporate Banking & Project Syndication, Shipping, Private & Affluent Banking, CISCO and Institutional Wealth Management & Custody. The REMU and RRU departments remain under the responsibility of Eliza Livadiotou, Executive Director, Finance.
The new composition of the Group's Executive Committee comes into effect from 1 December, 2026.
Panicos Nicolaou warmly thanked Charis Pouangare for his many years of service to the Group, his significant contribution to the course of Bank of Cyprus and the many years of cooperation. “I wish him, from the bottom of my heart, good health and all the best in the new chapter that opens before him,” Nicolaou emphasised.
"We are on track to complete another successful year for our Group. I invite you to continue with the same consistency and dedication, maintaining the momentum we have already created. Our goal is to welcome 2027 by building on what we have achieved and capitalizing on the new opportunities that lie ahead," the CEO of Bank of Cyprus also underlined.
(Source: InBusinessNews)
