Non-Performing Loans in Cyprus decrease, restructured loans remain a concern
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...
NPLs
Cyprus non-performing loans ratio steady at 9.5 per cent
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,...
Cyprus’ non-performing loans drop to 9.5 per cent of total loans in 2022
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...
House Finance Corporation dealing with many loan requests
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...
Cyprus Business Now
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...
Fewer loans restructured in 2022, non-performing loan ratio steady
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...
Performance of Cyprus banks disappointing since 2015
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...
Cyprus Business Now
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...
AstroBank becomes full owner of NPL service company
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,...
Our View: Foreclosure proposal means more of the same
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...
