The Central Bank of Cyprus is exceptionally irritated by the latest criticisms against its decision to publicize the letters it had sent to the two Greek banks (Piraeus Bank and Marfin). Three days after the publication of the letters, the Central Bank Governor, Christodoulos Christodoulou, issued a second announcement, stressing that the Central Bank had played a leading part in the attraction of Greek investments in Cyprus and the internalization of the Cypriot banks.

“It is, therefore, unethical to say that my recommendations to the higher officials of the two Greek banks oppose to the expansion of operations of the Greek banks in Cyprus. Such allegations lack gravity and cause hilarity”, the Governor’s announcement reported.

It is worth noting that former Central Bank Governor, Afxentis Afxentiou said that Mr. Christodoulou’s statements are “untimely and risky because they present Cyprus as a country that repulses investments from Greece, another EU member”.

“The strict recommendations for the keeping of law and transparency based on the modern corporate governance is my obligation and I am sure that all supervisory authorities do the same”, the announcement concluded.

On Wednesday, Mr. Christodoulou had issued a similar announcement, which rejected criticisms of a StockWatch article-comment.