A recent meeting between the Finance Minister and the Banking Association unfolded in a positive light, shifting away from the earlier tension caused by rising interest rates and discussions of additional taxes on banks, as reported by Brief.

Sources suggest that a statement from the Ministry of Finance, expected to be released today, will reflect this constructive tone. Up to this point, no official announcements had been made about the subject.

While this forthcoming statement isn't anticipated to detail any specific decisions—given the meeting's non-decision-making nature—banking insiders indicated to Brief that the dialogue helped alleviate recent tensions.

Previously, the Finance Minister had voiced concerns over the banks' measures to counteract the impact of rising interest rates on households. Yet, post-meeting indications suggest a possible change in his stance, hinting at continued future dialogues between the two parties.

The banks reportedly shared data with the Finance Minister, outlining their decisions on interest hikes, initiatives to support borrowers, and their substantial tax contributions. They also highlighted the positive trajectory of the Cypriot economy.

Additionally, potential extra taxes on bank profits were discussed. However, the Finance Minister's final stance on this matter remains uncertain.