NPL
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...
Finance ministry warns against any more changes to foreclosure processes
Any extension of the freezing of foreclosures until the end of the year or beyond, would bring potential negative effects and disproportionate costs to both...
MPs vote to publish PEP bad loans list but it will go to the president first (Updated)
Parliament on Friday voted to immediately publish a controversial list of names of politically exposed persons (PEPs) with non-performing loans despite agreeing that it contained...
Georghadji hits out, says efforts afoot to discredit PEP list
Former central bank governor Chrystalla Georghadji hit back on Thursday at detractors of a list of names of politically exposed persons (PEPs) with non-performing loans,...
PEPs list returned to House, back and forth continues
A controversial list of politically exposed persons (PEPs) and the money they owed banks, including bad debts, has been sent back to parliament after the...
Drama at House over PEP loans
Elias Hazou and George Psyllides House president Demetris Syllouris was forced to interrupt a meeting of the watchdog committee on Thursday after a war of...
Banks need to step up efforts to tackle NPLs, CBC boss says
Central Bank of Cyprus (CBC) Governor Constantinos Herodotou called on Cypriot banks to step up their efforts to further reduce non-performing loans (NPL) as the...
NPEs in Cyprus banks down to €9.7bn in July
Non–Performing Exposures (NPEs) in Cyprus’ banking sector fell €27m to €9.68bn in July 2019, compared with the previous month, according to the latest data released...
High debt, NPLs could magnify any external shocks to Cyprus economy, experts say
Economic experts on Tuesday debated whether the recovering Cyprus economy was ready to weather any external shocks after putting its house in order for the...
Addressing inefficiencies in justice system ‘key to improving business environment’
Addressing inefficiencies in the justice system in Cyprus is key for improving the business environment and the enforcement of claims, the European Commission said on...