WHEN WILL THE BANKING STRESS BE OVER IN CYPRUS?
The Cypriot banking sector went through a major consolidation during the six years that followed the crisis of 2013. It is slowly recovering, yet its stress will be over if the economy continues to grow and if the recently emerging populist politics take a back seat. Looking further into the future, the rough ride will not subside as it is common to all European banks and originates from stricter regulation, low interest rates, and tougher competition from Big Tech.