Addressed to business executives from the financial and business worlds, KPMG in Cyprus organised the launch event of its newly-formed Credit Institute on the 10th of June 2019 at the Royal Hall, Nicosia.

KPMG Cyprus Credit Institute aspires to become a professional point-of-referencehub, bybringing the financial and corporate communities together, exchanging ideas, knowledge-sharing and best international practices and aligning their interests towards economic sustainability and prosperity.

The inaugural event theme revolved around the Necessity of Corporate Rescue and Turnaround. The presentations and thought leadership discussion demonstrated in a succinct and simple way that the well-being of the country’s corporate world directly impacts the stability of the local financial sector, whilst the vigour of both the corporate and the financial sectors unquestionably drive the sustainability of the local economy.

The event’s presentations provided some invaluable hands-on insights on how to practically transfer best international knowledge and practice to the local context. Led by experts from Cyprus and the UK, the presentations and the subsequent discussion signalled the significance of corporate health and how this influences the entire economic universe of the country; they further focused on the leading roles and converging interests of the corporate and the financial communities respectively, in driving the economic successof the country.

The event concluded with a question and answer session, followed by a reception. Prominent participants from the local corporate jet-set, the banking and the wider financial sector had the opportunity to network and discuss in more detail about the vision of how Cyprus can evolve to become a financially stable, innovative and growth stronghold in the European Union.