The Cyprus Central Bank announced the start of the first evaluation regarding the state of the country’s banks by the Troika following Cyprus’ exit from the bailout.
This, the first such evaluation which is scheduled every six months will end on September 30, 2016.
The teams which will have meetings with the Central Bank and the management of the three largest banks; Bank of Cyprus, Hellenic Bank, and the Cooperative Bank, will evaluate the management of non-performing loans as well as the capital adequacy and liquidity of each bank.
The teams, once completed with their evaluation, will present the Finance Minister Harris Georgiades and the Central Bank with their findings.
Source: InCyprus
