New board members appointed to the Central Bank of Cyprus

On Friday, October 2, 2026, Panikos Vakkou and Marios Xenofontos were officially appointed to the Board of Directors of the Central Bank of Cyprus. The formal signing of the contracts took place at the office of the Minister of Finance, Makis Keravnos, who oversaw the proceedings. Panikos Vakkou has assumed the role of an executive board member, while Marios Xenofontos has been appointed as a non-executive board member.

During the meeting, Minister Keravnos extended his well wishes to both officials for their upcoming tenures. He emphasized the ministry's commitment to supporting the work of the new appointees and the entire board of the Central Bank, highlighting the existing institutional cooperation between the Ministry of Finance and the central banking authority. The appointments are expected to bolster the bank's leadership as it continues to manage national monetary and financial stability.