EBRD expects 1.7% growth this year suppressed by “high NPLs”
The European Bank of Reconstruction and Development, which holds a 5 per cent shareholding in Bank of Cyprus and a 5.4 per cent in Hellenic...
banks
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...
Central bank says lenders partially on track in achieving restructuring targets
The Central Bank of Cyprus said that banks were only partially successful in meeting targets in the restructuring of loans as they satisfied only two...
86 people on ‘Lagarde List’ have been sent tax notices
The first leg of the Tax Department’s investigation into a list of deposits in Swiss HSBC bank in 2003 has been completed, with 86 individuals...
MPs wrap discussions on leasing as an alternative to mortgages
MPs on Monday wrapped up discussion of government bills introducing leasing as an alternative method of borrowing, hoping to take the legislation to the plenum...
NPLs drop to €26.7bn in December, lowest value in a year, central bank says
The amount of non-performing loans in the Cypriot banking system slumped by €703.1m in December compared to November to €26.7bn, the lowest value since December...
Capital Intelligence affirms ‘B’ rating of BoC, Hellenic
Capital Intelligence, the Limassol-based rating company, said that it affirmed the financial strength and long-term foreign currency ratings of both Bank of Cyprus and Hellenic...
CySec to decide soon on Laiki ELA
The Cyprus Security and Exchange Commission (CySec) will decide soon on the issue of the Emergency Liquidity Assistance (ELA) obtained by the defunct Laiki Bank...
Central Bank objects to proposal to make banks liable for loan-sharking
A legislative proposal tabled at the House finance committee aims to make commercial lenders criminally liable for loan-sharking, but the Central Bank of Cyprus (CBC)...
Banking sector has shrunk 20-25 per cent since 2013 crisis
Three years after the financial crisis and as Cyprus is due to exit its bailout programme at the end of this month, the banking sector...
