Cyprus: Selected Issues Paper
Electronic Access:
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Summary:
The Selected Issues Paper focuses on Cyprus' banking sector vulnerabilities and its pension system. The most salient risks for the banking sector come from commercial banks domiciled in Cyprus. These banks have the strongest links with the local economy and are likely to experience further deterioration of their loan portfolios in both Greece and Cyprus. The paper reveals that, in 2011, Cypriot banks face capital needs estimated at €3.6 billion on a preliminary basis.
Series:
Country Report No. 2011/332
Subject:
Budget planning and preparation Expenditure International trade Labor Pension spending Pensions Public financial management (PFM) Retirement Service exports
English
Publication Date:
November 29, 2011
ISBN/ISSN:
9781463925888/1934-7685
Stock No:
1CYPEA2011002
Pages:
53
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