The Cypriot banking system is better prepared to cope with the current crisis, European Central Bank (ECB) President Christine Lagarde said.
In an interview with Phileleftheros ahead of her visit to Cyprus and asked to assess how the Cypriot banking system is coping with the turmoil from Russia's invasion of Ukraine, the ECB chief said that the direct exposures of the Cypriot banking sector are relatively limited and continue to decline, while the decline in profits associated with charges for card transactions and remittances from Russian customers is also limited.
"I would also like to mention that significant progress has been made in recent years in stabilising the banking system,
(CNA)
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