Cyprus: Selected Issues

September 15, 2010

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Format: Chicago

Cyprus: Selected Issues, (USA: International Monetary Fund, 2010) accessed September 19, 2024

Summary

The financial sector is mostly comprised of the banking sector, which largely provides insurance and asset management services. A large part of banking system assets relates to subsidiaries and branches of foreign banks. The banking sector poses risks by virtue of its size and concentration. The Cypriot banking system has weathered the crisis better than many other euro zone area countries. Significant headwinds for the overall banking system are expected, and the cooperative banks appear particularly vulnerable.

Subject: Banking, Commercial banks, Cooperative banks, Financial institutions, Nonperforming loans, Output gap, Potential output, Production

Keywords: Bank, Capital threshold, Commercial banks, Cooperative banks, CR, Current account, Cypriot bank supervisor, Cypriot labor market, Cyprus, Cyprus economy, Eastern Europe, Global, ISCR, Labor productivity growth, Market share, Nonperforming loans, Output gap, Parent bank, Potential output, Southern Europe

Publication Details

Pages:

42
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/289
Stock No:

1CYPEA2010001
ISBN:

9781455206407
ISSN:

1934-7685

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