In March 2013, the Cypriot banking system came crashing down and almost took the economy with it. Seven years on, following major reforms, stricter regulation, proper governance and a certain amount of consolidation, the country’s banks have restored public trust to a considerable degree, despite some of them continuing to be dogged by stories of past dubious practices and the (still not totally resolved) issue of non-performing loans.
GOLD Magazine: Cyprus Banking in 2020
