#NPLs

The Non-Performing Loan (NPL) ratio in Cyprus remained unchanged at 8.3 per cent in November 2023, according to a report released on Thursday by the Central Bank of Cyprus (CBC). According to ...

The most important thing for the real economy is to reduce non-performing loans as they have in the banking sector so the economy can function without obstacles, Finance Minister Makis ...

Cyprus’ banking system witnessed a further decline in non-performing loans (NPLs) at the end of September 2023, dropping to €2.02 billion from €2.08 billion in August, reflecting an ongoing trend of improvement, according ...

President Nikos Christodoulides on Saturday welcomed Cyprus’ revised long-term rating from stable to positive by international ratings agency Fitch, saying it was an acknowledgment of the government’s planning. He ...

Commercial banks have so far offered insufficient support amid interest rate hikes, the House commerce committee heard on Tuesday. During a session focusing on the issues caused by the European ...

Large increases in profits not due to better performance in using the funds of depositors to improve the economy Recent media reports on the performances of the largest Cyprus banks ...

President Nikos Christodoulides said it was not goal to “convince anyone” over the foreclosures and non-performing loan bills, after a meeting with MPs at the presidential palace on Monday night. ...

Finance Minister Makis Keravnos will present to legislators on Monday a government package of seven proposals to address the issue of foreclosures. The package was submitted on Thursday in a ...

The government has complete faith in the responsibility of all political parties to rise to the occasion and do the right thing in tackling foreclosures and non-performing loans (NPLS), government ...

Pledging to support vulnerable groups where needed while maintaining an ardent fiscal policy, Finance Minister Makis Keravnos on Tuesday said he expected more action from banks to absorb increasing interest ...

Despite dire warnings from the government and the Central Bank, MPs on Monday decided to send on to the House plenum for a vote four legislative proposals amending the foreclosures ...

The Central Bank of Cyprus (CBC) this week released an updated report indicating a significant reduction in non-performing loans (NPLs) by €105 million, a drop of 4.6 per cent of the total ...

International rating agency Fitch has affirmed Cyprus’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at BBB, assigning a Stable Outlook, assuming that fiscal surpluses will continue despite economic slowdown, whereas the ...

Cyprus and Greece have taken different paths toward resolving the previously sizable number of non-performing loans (NPLs) in each country, according to a recent piece of analysis by rating agency ...

The Central Bank of Cyprus (CBC) on Wednesday reported a decrease in non-performing loans (NPLs) at the end of February 2023. NPLs decreased by approximately €60 million compared to the previous month, ...

Non-performing loans (NPLs) in Cyprus remained steady at 9.5 per cent of total loans at the end of January 2023, as in the previous month, while absolute NPL numbers rose by around €13 ...

Non-performing loans in Cyprus decreased to 9.5 per cent of total loans at the end of 2022, according to a report published this week by the Central Bank of Cyprus. This marks ...

The Housing Finance Corporation (HFC) said on Monday it’s receiving a great deal of applications for home loans, as it can currently offer competitive rates compared to private commercial ...

The Association for the Protection of Borrowers (Syprodat) this week said that the new government should engage in dialogue with Cypriot banks in order to resolve the issue of non-performing ...

The total number of loan restructurings in Cyprus appears to have decelerated in 2022, after their sudden and sharp increase in 2021 due to the adverse economic effects of the coronavirus pandemic, ...

Bankers failed to make use of idle cash and help create a healthy, equitable economy The activities and performance of Cyprus banks during the Anastasiades administration shows that they have ...

Consulting, assurance, and tax advisory firm EY Cyprus has released the latest edition of its Cyprus Tax Facts guide, which takes into account the most up-to-date legislative changes for 2023. “As ...

AstroBank announced on Wednesday the acquisition of QQuant Master Servicer Cyprus Limited, an independent servicer of non-performing loans. The two parties have agreed that AstroBank, which owned 25.1 per cent in ...

It took a year and the danger of losing EU funding worth €85 million for the legislature to finally approve the two bills establishing a framework for the operation of companies ...