Committee to probe politically exposed persons with bad debts
Parties on Wednesday decided to set up an ad hoc committee to look into a controversial list of politically exposed persons (PEPs) with bad debts,...
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Gender equality watchdog condemns verbal attack on Akel MP
The gender equality commissioner condemned Monday an incident in parliament last week in which a male Disy MP verbally attacked Akel MP Irini Charalambides during...
MPs suspect House president of prevarication over bad loan list
MPs on Thursday censured the House president and the chairman of the House watchdog committee for a letter sent to the central bank governor concerning...
Central Bank head: I was too scared to continue bad loan probe
The head of the Cyprus Central Bank (CBC) on Monday said she had had to stop looking into bad loans held by Politically Exposed Persons...
Arrests for co-op loans with collateral from imaginary people
A businesswoman and three employees of a former co-op in eastern Limassol were arrested on Wednesday in connection with loans amounting to over €800,000 given...
Bad loans and bankruptcies sound the alarm for Turkey’s economy
After years of growth fuelled by credit and domestic consumption, bad debts and bankruptcies are rising in Turkey, squeezing banks and exposing a fragile real...
ESM’s Regling says Cyprus still faces challenges related to NPLs
By Stelios Orphanides The managing director of the European Stability Mechanism Klaus Regling said that Cyprus continues to face challenges related to bad loans even...
Greek banks’ bad loans at around 45 pct – local paper
Greek banks’ bad loans, which peaked after capital controls were imposed in late June, have dipped to around 45 per cent of their loan books...
BoC’s acquisition of Russia’s Uniastrum did more damage than bad loans, says former vice-chairman Strzhalkovsky
By Stelios Orphanides Vladimir Strzhalkovsky, the Russian businessman who until recently was one of Bank of Cyprus’s major shareholders who also served as its vice...
Hellenic boss wants to see Irish-type ‘bad bank’
By Elias Hazou HELLENIC Bank is in favour of establishing companies specialising in managing bad loans, its chairwoman Irena Georgiadou told businessmen yesterday. Tackling the...
Europe strikes deal to complete banking union
By John O’Donnell and Tom Körkemeier Europe took the final step to complete a banking union on Thursday with an agency to shut failing euro...
