28 lipca 2011

Cypr dołącza do PIIGS, czyli nowa Islandia

Obligacje 10 letnie już to dawno wskazywały ale wreszcie formalnie stało się - Moody obciął rating kredytowy do dwóch poziomów powyżej śmiecia.
Yields on Cyprus’ 10-year bonds were up 0.85pc at 10.18% yesterday, which is above the borrowing rates that forced Ireland and Portugal into the EFSF, the paper remarked. In another article, the FT noted that the EU’s agreement on a bond swap for Greece, has had seriously negative consequences for Cypriotic banks, who are among the largest lenders to Greece. The Cypriotic banking sector has assets of about seven times the country’s GDP. Cyprus was hit by two further shocks, a political crisis that resulted from the government’s attempt to force through an austerity package, and an explosion at the country’s largest power plant that killed 13 people. The situation in Cyprus was not quite as bad as in Ireland, but the losses faced by the banks were still very large.
za eurointelligence. Mała ikonografika z FT poniżej: "Nearly 40 per cent of all loans extended by Cyprus’s three largest lenders – which account for 55 per cent of the country’s total bank assets – are to customers in Greece. In addition, stress tests released by the European Banking Authority this month showed that, among non-Greek banks, two Cypriot groups – Marfin Popular Bank and Bank of Cyprus – were the third-largest and seventh-largest holders of Greek bonds in Europe." Od siebie dodam, że gotówka z Grecji bardzo często uciekała na Cypr. Pytanie - gdzie teraz wyfrunie?

1 komentarz:

  1. Cypr...


    This is evidenced by ongoing growth in
    deposits (Figure 5). In spite of a slowdown in annual growth of non-resident deposits from levels above 40% earlier this year, April’s print of 26.6% confirms that domestic banks continue to receive a strong influx of foreigners’ money. It is also worth mentioning that non-resident deposits account for 37% of total deposits in Cyprus


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