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WorldApril 1 2015

Cyprus reborn: CBG looks to a bright banking future

Restructured and recapitalised, the Cypriot banking sector has emerged from its recent crisis more resilient and far more stable, according to the country's central bank governor, Chrystalla Georghadji.
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Cyprus reborn: CBG looks to a bright banking future

Q. How would you describe the banking sector in Cyprus since the crisis?

A. The banking sector in Cyprus experienced a severe shock in March 2013 [when it had to be bailed out by the 'troika' – the European Commission, European Central Bank (ECB) and International Monetary Fund] but has managed to get through it almost unscathed.

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