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

Cyprus banks urged to ramp up efforts to reduce NPLs

Cyprus Central Bank Governor Constantinos Herodotou called on Cypriot banks to bolster their efforts to further reduce non-performing loans (NPLs) while the current economic environment remains favourable. Addressing a conference on “Indebtedness

Debt Acquiring Companies hold €14 bln in NPLs

Debt Acquiring Companies have made their presence felt in Cyprus by changing the banking landscape and possibly having a future effect on the real estate market after acquiring asset-backed NPLs worth €14 bln.