New board appointments announced for Central Bank of Cyprus

On October 2, 2026, Panikos Vakkos and Marios Xenophontos officially assumed their new roles at the Central Bank of Cyprus. Vakkos was appointed as an executive member of the Board of Directors, while Xenophontos took on the position of a non-executive member. The contracts were signed during a meeting held at the office of Minister of Finance Makis Keravnos.

Minister Keravnos oversaw the signing process and extended his best wishes to both appointees for their forthcoming tenure. He emphasized the Ministry's commitment to providing full support to the new members and the wider Board of Directors, highlighting the importance of maintaining a collaborative relationship between the Ministry of Finance and the Central Bank of Cyprus to ensure national monetary and financial stability.

These appointments serve to reinforce the leadership team at the central financial institution. Following the formal signing ceremony, both officials have commenced their respective duties within the governing body, focusing on institutional stability and the fulfillment of their responsibilities to the regulatory and economic oversight of the nation.