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

White House and European Commission to launch first-of-its-kind AI agreement

Reuters News Service

Economy can be boosted through pharmaceuticals, says presidential candidate

Iole Damaskinos

Chiliz (CHZ) fails to capitalize on World Cup activity, Orbeon Protocol (ORBN) hits new highs

CM Guest Columnist

Oil prices firm on upbeat US economic data

Reuters News Service

Cyta hits major fibre network milestone, awards customer with 8 years of free internet

Kyriacos Nicolaou review: Updated 2023

CM Guest Columnist