Disy MPs walk out of House bad loans meeting (Updated)
A House watchdog committee meeting scheduled to discuss the demise of the co-op bank on Thursday was marked by ruling Disy MPs walking out citing...
non performing loans
Bills meant to help troubled borrowers withdrawn
Ruling Disy MP Averof Neophytou on Monday withdrew bills intended to provide tax relief to borrowers with non-performing loans, after it emerged that the proposals...
PEPs’ list will be published on House website if MPs vote in favour
If MPs decide at Thursday’s plenum that the list of politically exposed persons (PEP) with bad loans should be made public, it will be published...
Ex-education minister hits back over bad loan ‘slander’
Cyprus’ ambassador to Athens, Kyriacos Kenevezos on Monday released information about his bank loans, saying they were all being serviced. The ambassador and former education...
Finance minister to look into expanding mortgage relief scheme
Finance Minister Constantinos Petrides has been tasked by the cabinet to draft a plan aimed at borrowers who were rejected by a state-backed mortgage relief...
House moves from PEPs’ bad loans to loan write-offs
Loan write-offs to politically exposed persons (PEPs) to the tune of millions will be the priority of the ad hoc committee set up to study...
Supreme court backs House over foreclosure bills (Updated)
The supreme court full bench on Wednesday ruled that two bills passed relating to foreclosures were constitutional while a third on bank contract clauses was...
European Commission paints gloomy picture of Cyprus’ economy
Cyprus’ economy is still characterised by large economic imbalances, which, unless addressed, may impede its medium-term economic prospects, the European Commission said on Wednesday, noting...
House finally asks for Central Bank input over MPs’ bad loans
After months of prevarication, MPs on Thursday agreed to invite Central Bank Governor Constantinos Herodotou before the House watchdog committee to inform them about a...
NPLs fall to just under 30 per cent of all loans
Non-performing loans (NPLs) dropped by around €1.4 million on a monthly basis in August last year, the central bank (CBC) said on Tuesday, as the...
