banks

Cyprus banks tighten lending criteria

Cyprus banks tightened lending criteria in the third quarter of 2020 while there was increased demand for loans from businesses and households during the pandemic, according to the bank lending survey. The

COVID19: Lockdown II will test Cyprus banks

Although the government has announced financial support to buffer the effects of a second lockdown, there is a larger credit-negative economic effect for Cyprus banks as the pandemic endures. The lockdown measures

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Government committed to reducing NPLs further

Tackling non-performing loans (NPLs) remain at the heart of economic policy with a stable legal framework on foreclosures and an effective insolvency process, the Finance Ministry said. It said there was “enormous

Banks are no longer business-friendly

Gather the CEOs of any business and the first topic of conversation is how banks are mistreating them, how banks are late in their response and inflexible, how frustrating it is to

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