Makis Keraunos: The remnants of the haircut and the collapse of the economy from 2013 still haunt us.

Makis Keraunos addressed Cyprus's leading position in European non-performing loan statistics for 2024, attributing it to the aftermath of the 2013 financial crisis and bailout. He stated that government measures have reduced NPLs within the banking system. Keraunos acknowledged that NPLs remain high compared to other European countries due to Cyprus's unique financial experience. He also noted the government is managing risks associated with state-guaranteed loans and has strengthened the Financial Commissioner institution.