18 February 2015

As on a couple of occasions in 2014, the Administrator has left for an unheralded, unexplained break from yesterday 18 February until, we have been led to expect, next Tuesday the 24th. As before, he has appointed no deputy so during these days the Bank’s Cyprus branch can issue no cheques.
Of course, it is quite reasonable that the Administrator gets the chance to put up his feet from time-to-time, we all need that. However, it is much less reasonable that he fails to appoint someone in his place to approve transactions.