Bank pledges flexible solutions for affected farmers

Eurobank on Friday announced that it is closely monitoring developments in Cyprus’ livestock sector following the outbreak of foot-and-mouth disease and the mass culling of animals across several farming units.

The bank said it is “ready to support its customers and the livestock sector more broadly”, as the situation continues to unfold.

The outbreak has been described as a serious issue that could significantly affect the income of many families, particularly those who own farms or depend on livestock for their livelihood.

The potential impact is also expected to extend to other sectors, including the product supply chain, raising concerns about wider economic repercussions.

“The primary sector remains vital for the Cypriot economy, as it supplies raw materials and products used by the food and manufacturing industries, while also contributing key export goods,” the bank said.

“In light of these developments, Eurobank has already activated targeted communication actions with affected clients, aiming to accurately record the difficulties they are facing,” it added.

Moreover, Eurobank stated that “bank officials are in continuous contact with businesses in the sector, assessing both their immediate and future needs”.

The objective, the bank stated, is to identify the most appropriate forms of support, tailored to the evolving challenges faced by livestock producers and related workers.

Finally, Eurobank explained that it is working towards practical, flexible and sustainable solutions, designed to strengthen both farmers and employees within the sector.