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

Cabinet approves 2023 state budget, described as greenest one yet

Kyriacos Nicolaou

Europe makes sharp U-turn from green energy – Qatar energy minister

Reuters News Service

Oil poised for weekly gain on prospect of OPEC+ output cut, weaker dollar

Reuters News Service

Energy crisis sires new European order: a strong Italy and ailing Germany

Reuters News Service

Tech company moves to Cyprus, brings 300 people

Panis Pieri

UK watchdog dismisses criticisms over crypto authorisations

Reuters News Service