How safe are the amounts invested in banks?
The Cypriot banking system is highly regulated in order to protect the investors from incurring losses. The Central Bank of Cyprus ensures that the banks have attained the set standards before they can be registered. The Cypriot banking system consists of four major banks that are listed on the Cyprus stock exchange. There are eight branches of EU countries banks and 17 branches belonging to non-EU banks. All these banks have gone through a thorough continuous vetting process before getting the operating license.
