Don’t compare Malta to Cyprus-bank chief

Resemblance with Cyprus is ‘superficial’

Central Bank Governor Josef Bonnici has dismissed as “misleading” any comparison between Malta’s banking system and that of Cyprus.

Prof. Bonnici said the size of the Maltese banking sector relative to GDP was strongly influenced by a number of institutions that “virtually had no economic or financial links with the economy”

Click the following link to read further:

http://www.timesofmalta.com/articles/view/20130327/local/Don-t-compare-Malta-to-Cyprus-bank-chief.463152

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