Call for ‘ethical banking’ as Cyprus mulls new co-op bank

Fiscal council member Marios Clerides on Saturday said that Cyprus’ markets require “ethical banking”, as he weighed in on the prospect of a new cooperative bank being opened on the island.

He said that Cyprus’ fiscal markets need banks “which think not only about profits but also about the borrower”, and “take into account the repayment capacity of their customers and do not only rely on collateral”....