Cypriot pair score ratings upgrades thanks to MREL

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Cypriot pair score ratings upgrades thanks to MREL

Frank Jackman
July 22, 2021 01:00 pm
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Famagusta, Turkish Republic of Northern Cyprus. Corinthian columns and sculptures at bath complex in ancient city Salamis ruins. Sunny day, blue sky. | lermont51 - stock.adobe.com

Two Cypriot banks, Bank of Cyprus and Hellenic Bank, had their ratings upgraded by Moody’s on Thursday, as the agency took into account the start of the pair’s respective minimum requirement for own funds and eligible liabilities (MREL) journeys.

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Frank Jackman
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