articles | 22 May 2017

Cyprus’ banks to benefit from accelerated growth, Moody’s says

Cyprus’ strong GDP growth is credit positive for Cypriot banks because it will strengthen their clients’ capacity to restructure and service their high levels of distressed debt, according to Moody’s credit outlook.

Last Tuesday, the Statistical Service of the Republic of Cyprus announced that its flash estimate for the country’s annual GDP growth rate in first-quarter 2017 was 3.3%, the highest in Cyprus since 2008.

Source: CNA

Cooperation Partners
  • Logo for Association of Cyprus Banks
  • Logo for Cyprus Chamber of Commerce and Industry
  • Logo for Cyprus International Businesses Association
  • Logo for Cyprus Investment Funds Association
  • Logo for Invest Cyprus
  • Logo for Cyprus Shipping Chamber
  • Logo for Cyprus In Your Heart
  • Logo for Ministry of Energy, Commerce, Industry and Tourism
  • Logo for CFA Cyprus