The total amount of private debt has fallen from more than 460% of GDP in 2014 to below 275%, but the high level of PCs that has been transported outside the banks remains a serious weakness.
The Cypriot economy was found last week under the microscope of the European Commission, the European Central Bank and the European Stability Mechanism in the context of the 18th post -Memorandum evaluation. As far as the banking sector is confirmed, progress on all fronts (capital, profitability, assets quality) was confirmed, although the total amount of private debt remains in weakness, especially with regard to loans transferred to the acquisition companies. The total amount of private debt has fallen from more than 460% of GDP in 2014 to below 275%, but the high level of PCs that has been transferred outside …
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