Co-op: wrong people, government mistakes, poor governance (Updated)
Incapable people, government mistakes and no corporate governance were the reasons the co-op bank collapsed, Central Bank Governor (CBC) Chrystalla Georghadji told an inquiry on...
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Governor Georghadji wants banks to take radical NPL action (updated)
Cypriot banks need to take more radical action to reduce their mountain of delinquent loans amid a slowdown in restructurings even as economic growth is...
Georghadji says it may take until 2020 for NPLs to substantially drop
Central Bank of Cyprus governor Chrystalla Georghadji said that she expects a substantial drop in non-performing loans the latest by 2020 after their increase was...
Cyprus needs a more business-friendly environment, IMF official says
Vincenzo Guzzo, the IMF’s Resident Representative in Cyprus on Thursday called for greater efforts to prevent the slowly-growing economy from eventually stalling. “Further acceleration may...
Georghadji says NPLs partly fault of strategic defaulters
Central Bank of Cyprus Governor Chrystalla Georghadji said that an ongoing study of the bank supervisor showed that while the increase in bad loans over...
Investigation into leaked loans list picks back up
By Angelos Anastasiou After a two-month hiatus, police investigations into the leaking of a document listing the non-serviced loans of Cypriot parliamentarians with the Bank...
Georghadji had conflict of interest says House committee
By George Psyllides The House Ethics Committee has unanimously concluded that Central Bank Governor Chrystalla Georghadji has a conflict of interest and also blamed the...
Draghi letter questions validity of CBC investigation
By Angelos Anastasiou In a letter to President Nicos Anastasiades, European Central Bank (ECB) president Mario Draghi has warned that recent police investigations at the...
Confusion over interest rate reduction statement
By Angelos Anastasiou Central Bank Governor Chrystalla Georghadji’s remarks in parliament on Tuesday were mistakenly interpreted as an imminent announcement of reductions in interest rates...
Palace says CBC chief’s notes ‘nowhere to be found’
By George Psyllides The presidential palace on Tuesday said it could find no trace of two notes submitted to parliament by Central Bank (CBC) governor...
Presidential Palace waiting for CBC governor decision
By Angelos Anastasiou Despite trying to play down the issue of Central Bank governor Chrystalla Georghadji’s altered contract and conflict of interest arising from her...
Anastasiades says ball in Georghadji’s court
By Angelos Anastasiou It is up to Central Bank Governor Chrystalla Georghadji to justify her actions and to resolve the very public row over her...
Georghadji: EAC is not even a going concern
By George Psyllides PRIVATE auditors have expressed doubt the electricity authority (EAC) could be considered a going concern and have asked its board to draft...
Georghadji calls for purge of semi-government sector
By Stefanos Evripidou CYPRUS HAS no choice but to cleanse its wider public sector of waste and ‘entanglements’ and stop squandering public money, said Auditor-general...
