The banking finance sector in Cyprus is resilient. There have been many stress tests done to ensure the sustainability of credit flow so that investment can accelerate and create jobs in the process.
The banking finance sector is facing a depressed situation also referred to as credit crunch. It's a difficult time for banks to continue to guarantee credit while investors are more then ever afraid of going into debt. Losing assets and belongings is a phenomenon that we see covered on the news almost daily.
Fortunately the unemployment figures in the leading developed nations have stabilized and the road to recovery is something that is finally an attainable goal.
Although some corporate media conglomerate news networks spread negative opinions and lies about the banking finance sector, the fact is that the impact of the downturn has been a lot more modest then some loud mouth and harsh critics had anticipated. The fact of the matter is that the root cause of the downturn as been identified and many governments have gained a more pro-regulation stance. Many believe that this measure will be enough drive the markets back into the black. And if early indicators are anything, it's working.
Banking finance sector is scheduled to make a fully recovery within the next 3 years. And with regulation blocking overenthusiastic investors from excessive risk taking, the future looks rosier then ever. Note: If you're actually planning to invest in the stock market then do a bit more thorough research as optimism is one of our strong points!