Banks offering ‘insufficient’ support over interest rate hikes
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...
NPLs
Questionable performances of Cyprus banks
Large increases in profits not due to better performance in using the funds of depositors to improve the economy Recent media reports on the...
‘Foreclosures bill to protect the vulnerable and safeguard the economy’
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...
Flurry of activity over foreclosures on Monday
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...
Government calls on political parties to do the right thing over foreclosures and NPLs
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...
Minister urges banks to absorb interest rate hikes
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...
MPs told tinkering with foreclosures threatens whole system
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...
Non-Performing Loans drop by €105 million, marking 4.6 per cent decline
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...
Economic growth projection for Cyprus upped
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...
How Cyprus’ banking sector attributes contributed to NPL reduction
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...
