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Cyprus’ Central Bank Governor Constantinos Herodotou urged banks to take advantage of the beneficial economic environment before it changes due to the downside risks, speaking to the 7th Cyprus Banking Forum in Nicosia. Herodotou referred to the challenges for the banks including real estate concentration, high indebtedness which in combination with the small size of the country, translates to limited lending opportunities for the banks. “This”, as he said, “leads to limited income sources for our banks which translates to high …
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