Our View: We need a justice system that can deal with white-collar crime
The 10 defendants implicated in a loans scandal at the Strovolos Cooperative Bank were cleared of all charges by the Nicosia criminal court on Thursday....
Non-performing loans (NPLs)
Unprofitable Cypriot banks need to elevate productive lending and reduce NPL sales
By Les Manison Comparative data for 2021Q2 published by the ECB under its Single Supervisory Mechanism, reveal that the three largest Cypriot banks performed poorly...
The significance of the Georghadjis List
Politically exposed persons must shed their clothes At last! The Georghadjis List has been published. It is a list of politically exposed persons indebted...
BoC and Hellenic banks expected to sell €4b worth of bad loans
The two biggest banks are expected to offload around €4 billion in non-performing loans (NPLs) in the coming months, central bank governor Constantinos Herodotou said...
Our View: House president shows true colours over MPs’ bad loan list
IN HIS first public appearance after being elected House president in 2016, Demetris Syllouris announced that he would introduce measures to improve the standing of...
Failure of mortgage relief scheme a ‘negative development’
The lack of interest by stricken borrowers in the Estia mortgage-relief scheme is a negative development for the state-owned Cyprus Asset Management Company (Kedipes), officials...
The need for equity investment to boost the Cyprus economy
By George Theocharides Since the crisis of 2013, the economy of Cyprus has shown impressive resilience and improvement. From negative growth rates, we now have...
HFC to have access to NPL database
The government said Monday it is drafting a bill giving the Housing Finance Corporation (HFC) access to a bank database with information on non-performing loans....
Debt-relief scheme will not cover those who are servicing loans says minister
The government said Monday that the Estia debt-relief scheme will apply only to distressed borrowers, excluding those who are able to pay off their loans....
Official launch of Estia scheme to help home owners in arrears
The mortgage-relief scheme Estia for struggling home owners was officially launched on Monday with the opening of applications for the scheme which will be accepted...
