Capital Intelligence Ratings affirmed late Friday the Republic of Cyprus long-term foreign currency rating (LT FCR) and short-term foreign currency rating (ST FCR) at ‘BB+’ and ‘B’, respectively, revising the outlook for
The Central Bank of Cyprus published data showing the evolution of aggregate non-performing loans for all credit institutions, with NPLs standing at €5.134 bln in May from €5.141 mln the month before.
Another company prepares to enter the non-performing loans (NPLs) market in Cyprus. Themis – the Goddess of Justice – will own and take over the management of NPLs the global giant Pimco
Massive state intervention prevented a rise in non-performing loans (NPLs) during the Covid-19 pandemic in central, south-eastern Europe (CESEE), but the quality of bank assets after the phasing out of measures “remains uncertain”, according
The Cyprus economy will recover in the second half of 2021 and the economic and fiscal disruption caused by the pandemic will dissipate over the forecast horizon, according to Capital Intelligence Ratings.
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
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
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
Commercial banks must properly prepare to address a new cycle of non-performing loans in 2021 created by the coronavirus pandemic, warned Cyprus Central Bank governor Constantinos Herodotou. He believes that NPLs are
Bank of Cyprus posted first-half losses of €126 mln, of which a hefty €100 mln was booked in the second quarter alone with the CEO attributing the downfall to its Project Helix
