NPLs Archives - Page 4 of 4 - Financial Mirror

Toxic debt was 27.9% of Cyprus bank loans in 2019

Non-performing loans (NPLs) in the Cyprus banking system declined to €8.97 bln in 2019 but the NPL rate was still 27.9% of all loans. According to data released by the Central Bank

28th May 2020

Business

DBRS: Cyprus confirmed at BBB (low) on fiscal spending worries

DBRS Morningstar has confirmed the Republic of Cyprus’s long-term foreign and local currency – issuer ratings at BBB (low) and changed the trend to ‘stable’ from ‘positive’, with the short-term foreign and

16th May 2020

Cyprus/Economy

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

6th February 2020

Business

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.

24th January 2020

Business