Cyprus banking on the cusp of great change

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Cyprus banking on the cusp of great change
 © CyprusMail 2019
‘Cost reduction’, digital transformation and banking consolidation are in the works, but managing the message is key

 

By Demetris Theodorou

With word on the street intensifying on a possible deal between banks in Cyprus, 2019 is likely to become a time of flux and change for the banking sector as it braces for game-changing shifts.

First, a possible deal between banks is gathering noise. It is no secret that Cyprus is overbanked, with a total of 11 licensed institutions. Banks are already complaining that the market is...


This article was automatically added to our system 24-3-2019

Cyprus banking on the cusp of great change


The contents of this article including any associated images are © CyprusMail 2019
Views & opinions expressed in this article are those of the author and/or CyprusMail .

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Article Tags: cyprus, banking, great, change,