Though Cyprus's banking sector is in a much healthier state than it was during the crisis years of 2012 and 2013, high NPL ratios and the country's negative interest rate environment are casting a shadow over its recovery, as Michael Imeson reports.
View from EBRD
Date: 9-11 May
Location: Nicosia, Cyprus
The Banker’s ‘View From’ series brings you regular multimedia coverage and summarises the key themes from the European Bank for Reconstruction and Development (EBRD) Annual Meeting 2017
Stefanie Linhardt, Europe editor at The Banker, will report from the event providing exclusive interviews, as well as comprehensive articles and thought-led discussions with key industry figures.
Key discussion points:
• Targeting green and inclusive growth – meeting regional and global challenges
• Competitiveness in the 21st century
• How important is trust for the functioning of institutions?
• Banking on full recovery? The financial sector post-crisis
• Integrating eastern Europe’s regional gas markets
View from EBRD 2017 videos
- Pierre Gramegna, minister of finance, Luxembourg - View from EBRD
- Bojan Markovic, deputy director of economics, policy and governance, EBRD - View from EBRD
- Oleksandr Danylyuk, finance minister, Ukraine - View from EBRD
- Pim van Ballekom, vice president of the European Investment Bank - View from EBRD
- Barbara Rambousek, lead inclusion economist, EBRD - View from EBRD
- Brexit and EBRD's future in Cyprus, Turkey - View from EBRD
- Key themes at the 2017 EBRD meeting in Nicosia - View from EBRD
- Monthly preview: EBRD meeting and uncertain futures for Turkey, Ukraine - View from EBRD
Free to read until 19th May
Turkish vote could bode badly for banks
May 2, 2017The outcome of the Turkish referendum to hand broader powers to president Recep Tayyip Erdogan is causing ripples of worry regarding the country's banks.
EBRD president embraces fairer and greener vision of growth
May 2, 2017As the European Bank for Reconstruction and Development prepares for its annual meeting in May, its president, Suma Chakrabarti, talks to Stefanie Linhardt about tackling global environmental challenges, hopes for the reunification of Cyprus and the possible impact of Brexit on EBRD financing.
Ukraine’s obstacle-laden path to progress
May 2, 2017Ukraine greeted 2017 with cautious optimism, as its GDP ticked up and a banking sector shake-up proved successful. Now a blockade of the separatist east threatens to stall economic recovery, while political complications could slow the reforms crucial to attracting investment. Stefanie Linhardt reports.
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Latvia finance minister looks to emerge from the shadows
January 3, 2017Latvian finance minister Dana Reizniece-Ozola outlines to Stefanie Linhardt the government’s plans to tackle the shadow economy and devise a fair and sustainable mid-term tax strategy.
Armenia PM targets public-friendly reform
January 3, 2017Armenian prime minister Karen Karapetyan wants his government to create an environment that welcomes creative and entrepreneurial minds. But, as he tells Courtney Fingar, he is also determined to ensure that the country’s population is on board with whatever changes lie ahead.
Ukraine’s banking sector seeks a new normal
May 2, 2017Recent years have seen a shake-up of Ukraine’s banking sector that has halved the number of institutions in the country and culminated in the nationalisation of its largest lender, Privatbank. Yet challenges remain, with more casualties likely as small and Russian state-owned banks come under scrutiny. Stefanie Linhardt reports.
Czech finance minister looks to keep momentum going
March 1, 2017Having tackled the country's tax system in 2016, Czech Republic finance minister Andrej Babiš is turning his energies to the task of promoting growth while reducing the deficit. He talks to Stefanie Linhardt.
Greek banks pin turnaround hopes on NPL resolution
January 3, 2017With deposits in Greek banks down substantially and unlikely to return soon, a top priority is to reduce the country’s non-performing loan burden, writes Stefanie Linhardt.
More information
For additional coverage, please visit our Central & Eastern Europe section.