Cyprus Mail

Investor interest in loans from Cypriot banks remains elusive, CySEC says

Demetra Kalogerou

The head of Cyprus’s Securities and Exchange Commission (CySEC) Demetra Kalogerou said that the has been no investor interest to buy loans from Cypriot banks after the parliament passed the necessary law, the Cyprus News Agency reported on Monday.

Kalogerou was addressing members of the finance committee which debated in Nicosia on Monday on a proposed amendment that will remove asset management companies from the supervision of the Central Bank of Cyprus on the grounds that they are already supervised by CySEC.

The parliament passed the law on the sale of loans in late 2015 in order to help banks reduce their stock of non-performing loans in their balance sheets.

Related posts

Plane lands safely in Paphos despite captain suspecting fuel problem

Katy Turner

2021 opening planned for Neo Chorio theme park

Bejay Browne

Large range of properties in Cyprus’ first-ever online auction

Jean Christou

Fun paddle event to raise funds for cancer charities

Bejay Browne

Have you seen this teenager

George Psyllides

Man remanded after 47 cannabis plants found in his home

Staff Reporter