Cyprus Mail

Top bankers say foreclosure law will help reduce NPLs

By Stelios Orphanides

The law on foreclosures of mortgaged immovable properties, passed recently by the parliament, will help bring clients to the negotiating table, top bankers said, according to the Cyprus News Agency.

The comment was made at a round-table discussion involving some of Cyprus’s top bankers, including Hellenic Bank’s chief executive officer Bert Pijls, the head of restructurings and recoveries at Bank of Cyprus, Euan Hamilton and the general manager of the Cooperative Central Bank Marios Clerides.

Related posts

Lawmakers probe timeline of NatWest money laundering investigation

Reuters News Service

EU court backs Lufthansa, easyJet deals over Air Berlin assets

Reuters News Service

Bitcoin sits below all-time high after US ETF debut

Reuters News Service

New name for Facebook as it sets sights on metaverse

Reuters News Service

Fail whilst trying to change the world

CM Guest Columnist

‘Squid Game’ frenzy helps Netflix top subscriber targets

Reuters News Service