The banking sector in Cyprus has reached a turning point, and the country's financial institutions are "slowly returning to a sound and strong position", according Chrystalla Georghadji, the central bank governor.

Georghadji told an audience at a summit in Nicosia that the outlook for the sector was "very positive", but stressed "important work still lies ahead" in the country. "It is important that our banks continue to take positive steps and not engage in unnecessary risky activities or