Latest articles from Cyprus

Demetra Kalogerou teaser

New beginnings for the Cypriot banking sector

September 29, 2021

Forging a regulatory strategy in a time of crisis is not easy, but the Cyprus financial sector has come out stronger and more resilient, says Demetra Kalogerou, chairwoman of the Cyprus Securities and Exchange Commission. 

Cypriot banks make progress in tackling bad loans

September 1, 2021

The NPL ratio at Bank of Cyprus, the country’s largest lender, fell from 41% in 2016 to 12.4% last year.

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nicosia teaser

Can Cyprus's economy recover from the coronavirus crisis?

May 11, 2020

Can Cyprus keep its admirable record of bouncing back from yet another a crisis?

Bank of Cyprus teaser

Cyprus's banks enter coronavirus crisis in good shape

May 11, 2020

The silver cloud in 2013’s financial problems is that it forced Cypriot banks to reform, putting them in good shape to survive the coronavirus crisis.

Harris Georgiades teaser

Cyprus finance minister keen to demonstrate progress to EBRD

May 2, 2017

As Cyprus prepares to host the EBRD's annual meeting, its finance minister, Harris Georgiades, tells Michael Imeson how the country has progressed from its EU/IMF bailout in 2013 to record a budget surplus and GDP growth higher than the eurozone average.

Bank of Cyprus teaser

Cyprus banks' reversal of fortune

May 2, 2017

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.

A bumpy ride on the Cypriot road to recovery

A bumpy ride on Cyprus's road to recovery

February 1, 2016

Things are looking up for banks in Cyprus, as the financial sector and economy recover. But a difficult journey still lies ahead with NPLs still high and calls for consolidation among the country's banks growing louder.

Former bail-out chief helps steer Cyprus back to health

Former Cyprus bail-out chief helps steer sovereign back to capital markets

June 1, 2015

The timely passage of a bill to strengthen the local insolvency law helped convince both the International Monetary Fund and sovereign bond investors that the Cyprus credit story should not be bracketed with that of Greece.

Chrystalla Georghadji

Cyprus reborn: CBG looks to a bright banking future

April 1, 2015

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.

Cyprus a recovery in progress

Cyprus: a recovery in progress

January 5, 2015

Cyprus's banks all passed the European Central Bank's stress tests, a result that is indicative of the recovery that is under way in the country's financial sector. However, for these institutions to return to full health they must tackle their non-performing loans, a feat that is as much in the hands of the country's politicians as its bankers.

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