Cyprus’ banking sector resilient, shows limited vigour

Although the banking sector in Cyprus remains resilient, it displays limited vigour, while any tampering with the foreclosures framework could slow the clearing out of bad loans and also raise the cost of borrowing, the International Monetary Fund said on Monday.

The IMF issued its ‘concluding statement’ after wrapping up its latest mission to Cyprus, which lasted from April 22 to May 4.

“The banking sector remains resilient, supported by strong capital and liquidity buffers...