|
|
|
Cyprus News Agency: News in English, 08-09-30
CONTENTS
[01] CYPRUS - BANKING SYSTEM
[01] CYPRUS - BANKING SYSTEM
Cyprus` banking system continues to be robust and safe, according to a
Central Bank press release, regarding the international financing
crisis.
The Central Bank notes in its press release that capital competence is
still high and its cash flow very satisfactory.
Local banks, it adds, are not exposed to high-risk products, which
created serious problems to a number of financing institutions
worldwide.
``The Central Bank of Cyprus, as all central banks, continues to
closely monitor international developments, mainly in relation to
possible consequences on the local banking system and the economy in
general,`` it assures.
|
