Banking’s future is digital, green & social

The future of the Cyprus banking sector is digital, green, and social, said experts during the online FMW Conference on the financial system. The conference also highlighted the contrast between taming inflation by raising interest rates and supporting vulnerable groups to avoid social unrest. FMW moderator Iosif Iosif said that profitability has returned to the banks as the management of the “wounds of the past” began to bear fruit. He noted, however, that several issues remain open, such as the difficulty of providing credit, NPLs, digital transformation, internal restructuring...