FAMAGUSTA GAZETTE – Lawmakers have urged banks to install at least one ATM per community, following complaints about service gaps caused by branch closures.
During a parliamentary Commerce Committee session Tuesday, MPs criticized banks for failing to honor commitments to maintain access for rural residents.
The Cyprus Banking Association submitted a report stating that two major financial institutions are proceeding with ATM installations in 11 remote communities.
New ATMs will be placed in Astromeritis, Argaka, Salamiou, Pissouri, Pelendri, Eptagonia, Parekklisia, Lythrodontas, Avgorou, Xylotymbou, and Frenaros.
The move comes amid growing concerns over financial accessibility in underserved areas.