Banks in Cyprus tested again, this time by coronavirus

The negative financial effects of the coronavirus have come at a very crucial time for Cyprus banks, Phileleftheros reports. Banks are mandated to manage a difficult situation under great political and supervisory pressure, reminiscent of the 2013 crisis when the island’s banking system collapsed. However, the variable now is completely different with the banking system recording excess … Continue reading Banks in Cyprus tested again, this time by coronavirus