The Banking System during Independence
Kate Phylaktis
Chapter 5 in The Banking System of Cyprus, 1995, pp 76-104 from Palgrave Macmillan
Abstract:
Abstract The development of the Cyprus banking system following independence has been greatly influenced by the rapid economic expansion of the island, the establishment of the Central Bank and the stiff competition which developed within the banking sector. We see a consolidation of the local banks, their resilience being especially demonstrated by their survival of the upheaval caused by the Turkish invasion.
Keywords: Total Asset; Banking System; Commercial Bank; Banking Sector; Foreign Asset (search for similar items in EconPapers)
Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-12868-6_5
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DOI: 10.1007/978-1-349-12868-6_5
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