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,...
NPLs
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...
Finance minister, parties discuss safeguarding primary homes, NPLs
Finance Minister Constandinos Petrides met with political party leaders on Wednesday to present the comprehensive and holistic framework for the management of non-performing loans as...
Non-performing loan ratio falls
Non-performing loans at the end of February 2022 fell to 11.3 per cent of total loans, according to data released by the Central Bank on...
Banking sector NPL ratio increases, deposit interest rates fall slightly
The non-performing loan ratio (NPL) of the Cypriot banking sector increased in January, according to a report by the Central Bank of Cyprus released on...
Disappointing performance of Cyprus banks since 2015
Accumulating huge amounts of idle cash By Les Manison In response to the financial crisis of 2012/13 the government in agreement with the troika of...
Cyprus deficit drops to €465 million in 2021
Cyprus’ government deficit fell to €465 million at the end of the previous year, reflecting a reduction of €463.87 from 2020, according to a financial...
Loan restructuring jumps 400 per cent in H1
Loan restructuring jumped 400 per cent year-on-year in the first half of 2021, after the expiration of an installment moratorium due to Covid, Central Bank...
PEPs had substantial loan amounts written off (Updated)
Politically exposed persons (PEP) had substantial loan amounts written off or swapped debt for assets of lower value, among others, an audit into the entity...
Opposition seeks to beef up watchdog’s role in banks
An opposition party said Monday it will table a bill that would make decisions taken by the financial ombudsman legally binding on banks. Angelos Votsis,...
