Fitch rating agency affirmed Cyprus’ long-term sovereign rating at “BBB-” with a stable outlook, citing high sovereign debt and a weak banking sector as the main challenges facing the economy. It said
By Niki Tsivitanou Terms like “non-performing loans”, “foreclosures”, “loan sales” entered our lives in the last decade as a result of the global financial crisis, as well as the one in Cyprus.
Cyprus could be slammed with hefty fines from EU institutions for failing to adopt regulations and directives to reduce risks to the banking system or the need to resort to state intervention.
Moderate and uneven economic recoveries amid the coronavirus pandemic as well as political and trade uncertainties pose risks for financial institutions in emerging markets throughout Asia, Latin America, Europe, the Middle East
Banks in the Gulf Cooperation Council (GCC) region will increase mergers and acquisitions because of the coronavirus crisis and prolonged low oil prices, Moody’s Investors Service said in a report Tuesday. “The
Non-performing loans (NPLs) rose marginally to €32.3 bln in April accounting for 27.7% of all loans in the banking system, according to data released by the Central Bank of Cyprus. According to
The outlook for Lebanon’s banking system has changed to negative as business activity stalls and the economy slides into paralysis, while the government defaulted on foreign debt payments last month, Moody’s Investors
The outlook for global banks has changed to negative from stable as slower economic growth, low interest rates and more volatile operating conditions will increase their credit challenges, Moody’s Investors Service said