non performing loans
The Cyprus Asset Management Company (Kedipes) generated income of €288.3 million in the first 10 months of operation of the state-owned asset manager, established following...
Cabinet approves debt relief scheme for homeowners
The long-awaited debt relief scheme for vulnerable homeowners was approved by the cabinet on Wednesday and is expected to be fully implemented by the end...
State co-op asset management agency reports €180m in NPL revenues
The state-owned Cyprus Asset Management Company (Kedipes), established to administer whatever assets were not sold to Hellenic Bank after the Co-op Bank was shuttered, reported...
MPs delay bills on NPL disclosures
LAWMAKERS on Thursday kicked the can down the road on legislation that would oblige them, the president and ministers to declare whether they have non-performing...
Outgoing CBC boss has sent updated list of PEPs’ bad loans to House
Outgoing Cyprus Central Bank (CBC) Governor Chrystalla Giorghadji has sent to House President Demetris Syllouris a list of non-performing loans of politically exposed persons (PEPs),...
Estia beneficiaries should not worry about eviction, says Averof
Borrowers with non-performing loans (NPLs) with a mortgage on their primary residence, the value of which does not exceed €350,000, should not worry about being...
Non-performing loans drop by €5.6 billion due to co-op sale
Non-performing exposures (NPEs) in the Cyprus banking system dropped to €11.02 billion in September 2018 marking a €5.6 billion reduction since end-June 2018 as Hellenic...
Final witnesses testify in last day of Co-op inquiry
The end for the Co-operative Bank was sealed when the European supervisors lost their confidence, the lender’s former CEO said on Wednesday, in what was...
The ‘glaring flaw’ in Estia
Economy pundits feel vindicated by island’s lenders saying home-loan default plan has ‘fairness issues’ By George Psyllides THE European Stability Mechanism (ESM) has added its...
Finance minister lied about Co-op, says auditor-general (Update 1)
Auditor-general Odysseas Michaelides said on Monday that Finance Minister Harris Georgiades publicly lied and misled the both the council of ministers and the bank’s supervisor over the donation of...