Bank of Cyrpus CEO Says Lender Made Progress on NPLs

The transcript discusses the challenges faced by the European Central Bank (ECB) and the banking sector in the eurozone, particularly in managing negative interest rates and creating profitability. It highlights the impact of monetary policy on markets and the banking sector, with a focus on the steepening of the Bund curve. The discussion also covers the risks associated with emerging market bonds and the recovery of the banking sector in Cyprus, which has shown significant progress despite past challenges.

What role do national competent authorities play in balancing fiscal and financial stability?

In what ways has Cyprus managed to recover from its economic challenges?