The chief executive of the Bank of Cyprus - which made history when it seized depositors' money during the financial crisis – has told CNBC the lender is back on its feet.
"We've moved the story from: 'Will this bank survive?' to: 'What's it worth?'," Bank of Cyprus CEO John Hourican told CNBC on Friday.
"And we're doing that step by step, piece by piece, bringing back liquidity and bringing back capital…We think the story is exciting, provided the macro-economics work."
Cyprus has been battling an economic slump compounded by the collapse of its financial system in 2013. However after four years of recession, the country's central bank governor earlier this week forecast 0.5 percent growth in 2015.
Hourican – who is no stranger to embattled banks, having served as the head of the U.K.'s RBS' investment bank between 2008 and 2013 - said that Cyprus' economy was "more resilient than was expected."
He said the economy is beating forecasts set by the so-called "troika" of the European Central Bank, International Monetary Fund and European Commission.
"In fact the government has been doing a great job in getting the country back to a Maastricht-compliant position and in fact there's a primary surplus in 2014," Hourican added.
"There is an expectation of a modest return to growth next year which would make it one of the fastest and most nimble returns to recovery in the euro zone."