Cyprus: Financial Sector Assessment Program Update: Technical Note: Measuring Banking Stability in Cyprus
IMF Staff Country Reports, June 1, 2009
Source details
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- Cyprus: Financial Sector Assessment Program Update: Technical Note: Measuring Banking Stability in Cyprus
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Bibliographic details
- Published: June 1, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451809961.002
Summary findings
- Various indicators place Cyprus’s banking system soundness ahead of emerging countries but behind advanced economies.
- Cypriot commercial banks are weaker than their counterparts in Greece.
- Cooperative banks in Cyprus are more stable than Cypriot commercial banks.
- Credit risk appears as the main source of risk in the banking sector.
- Demand for real estate is slowing, with declining property price growth.
- Cyprus has high household indebtedness.
Analytical approach and tools
- Combines accounting-based and market-based indicators.
- Uses stress tests to assess banking stability.
Subject focus and keywords
- Subject areas: Banking, Commercial banks, Cooperative banks, Financial crises, Financial institutions, Financial sector policy and analysis, Financial sector stability, Loans, Stock markets, Stress testing.
- Keywords: asset quality, bank stocks, banking system, banks well., Commercial banks, CR, credit risk, Cypriot bank, Cypriot bank DDs respond, Cypriot banking sector, Cypriot market, default probability, Eastern Europe, Europe, financial crisis, Financial sector stability, Global, ISCR, Loans, return on assets, return on equity, Stress testing, trading portfolio.
Publication metadata
- Publication title: Cyprus: Financial Sector Assessment Program Update: Technical Note: Measuring Banking Stability in Cyprus
- Publication date: June 1, 2009
- Series: Country Report No. 2009/171
- Issue: 171
- Volume: 2009
- Pages: 67
- DOI: https://doi.org/10.5089/9781451809961.002
- Stock No: 1CYPEA2009005
- ISBN: 9781451809961
- ISSN: 1934-7685
International Monetary Fund. "Cyprus: Financial Sector Assessment Program Update: Technical Note: Measuring Banking Stability in Cyprus", IMF Staff Country Reports 2009, 171 (2009).