Public debt of Cyprus and banking crisis
- Thread starter RealDude
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Hello
Here is some projections from Ministry of finance shown below. The macroeconomic indicators although display a strenuous position in 2020, substantially due to COVID as big government grants were offered (and still are) to individuals and businesses affected by covid, the Credit rating agencies have maintained a positive outlook for Cyprus with an investment grade rating.
With regards to banking sector substantial amount of NPLs (non performing loans) have been sold by the banks to credit acquiring agencies and their balance sheets have been significantly decompressed and now (Q3 2021) displaying healthy ratios including strong capital and liquidity ratios.
So I would not say that banking sector is currently facing an imminent threat, but on the contrary they enjoy surplus liquidity that want to inject into the market.
Here is some projections from Ministry of finance shown below. The macroeconomic indicators although display a strenuous position in 2020, substantially due to COVID as big government grants were offered (and still are) to individuals and businesses affected by covid, the Credit rating agencies have maintained a positive outlook for Cyprus with an investment grade rating.
With regards to banking sector substantial amount of NPLs (non performing loans) have been sold by the banks to credit acquiring agencies and their balance sheets have been significantly decompressed and now (Q3 2021) displaying healthy ratios including strong capital and liquidity ratios.
So I would not say that banking sector is currently facing an imminent threat, but on the contrary they enjoy surplus liquidity that want to inject into the market.
Your forgetting if Turkey goes into an internal meltdown it might invade just to deflect...the old Weimar Rep. pinzer move.
😉
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