High indebtedness limits bank growth

Cyprus’ high overall indebtedness continues to limit Cypriot banks’ growth potential and elevates economic vulnerability, a credit negative for banks, Moody’s argues. It follows reports that Cypriot banks had sold or transferred

Moody’s upgrades ‘improved’ Bank of Cyprus

Moody’s has upgraded Bank of Cyprus key ratings citing “significant improvement” in asset quality following an agreement on non-performing loans that would reduce the bank’s NPL ratio to single digits. It upgraded

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