MALTA’S BANKING SYSTEM SOUND – DON’T COMPARE TO CYPRUS – FITCH
Fitch, the international credit rating agency has released a report stating that Malta’s banking system is sound and should not be compared to Cyprus. Following the crisis in Cyprus, much has been said in recent news articles, comparing the situation in Cyprus to the economy and banking system in Malta.
Malta has the 13th soundest banking system in the world according to the World Economic Forum – this has recently been further backed by Fitch’s recent report, which has given Malta ‘A+’ with a Stable Outlook rating. Comparisons between the two countries are misleading and confusing.