Despite Cyprus recovering from the 2013 banking crisis, Cypriots are still wary of financial institutions with trust levels lower than before the economic meltdown

February 2013.

Respondents were asked to what extent – on a scale from 0 to 10 – did they trust the nine banking institutions active on the island, and whether they would recommend them.

Bank of Cyprus scored the highest grade with an overall 5.75 falling from 6 in the previous survey.

BoC scored 5.9 as to how credible consumers found it to be, and 5.6 when people where asked whether they would recommend the bank to a friend or family member.

Hellenic’s overall rating

March to 5.2 in July.

RCB came in third, scoring 4.95 out of 10,

fell from 5.85 in falling from 5.65 in March.

As expected, people’s trust in the Co-op has collapsed to 2.3 from 5.4 in the previous survey.

Stockwatch said the Co-op – holding the largest amount of Cypriot deposits – had the highest rating in a survey conducted at the same time last year.

As far as other banks are concerned, Eurobank received 4.65 compared to 5.35 in March, Alpha Bank 4.70 from 5.25 and Astrobank 4.25 from 5.15 in March 2018.

CDB Bank was rated 4.15 falling from 5 and USB Bank fell to 4.35 from 4.90.

A source from the banking sector told the Financial Mirror, that the system is not worried about the survey showing the banks