Press Room

The recent actions of the Government to address the coronavirus-forced economic downturn affecting the country are also impacting the Financial Statements of banking institutions, where the non-performing loan stock is not ‘exploding’, at least in the foreseeable future, with devastating effects on their assets and economic situation. On the medium and long term, steps shall be taken to lay the foundations for an economic system tailored to a post-pandemic scenario, where this should not be synonymous with a weaker and more vulnerable system of undertakings. The financial system shall therefore be provided with structures - operators other than Banks.

Source: MF