Outlook of Cypriot banks supported by economic recovery says Moody’s

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Outlook of Cypriot banks supported by economic...
 © BusinessMail 2018
By Stelios Orphanides

Moody’s Investors Service said that Cyprus’ economy will continue to expand at a fast pace which in turn is likely to help borrowers’ repayment capacity and support the value of assets and new lending, helping banks improve their performance and reduce their non-performing loans stock.

“We have maintained our positive outlook for the Cypriot banking system,” said Melina Skouridou, a Moody’s assistant vice president and analyst who authored a related report. “In our view, Cyprus’ economy will expand robustly, helping to improve the banks’ weak asset quality, as...


Outlook of Cypriot banks supported by economic recovery says Moody’s


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