Banking sector more resilient, Central Bank says

The banking sector has enhanced its strength and resilience through 2023, despite the turmoil of recent economic and geopolitical events, Cyprus Central Bank governor Constantinos Herodotou said. In his speech on Wednesday at the TechIsland Summit in Limassol, the governor said the banking sector has maintained a high liquidity level, with its Liquidity Coverage Ratio standing at 318% in March, compared with the European Union average of 162.8%. He said the Common Equity Tier 1 ratio (CET1) stood at 18.9% at the end of the...