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22° Nicosia,
25 May, 2018
 

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Displaying results 1-30 of 34 matches for query loan.

1. IMF, Berlin still divided over Greek debt but progress in sight

http://knews.kathimerini.com.cy/en/business/imf-berlin-still-divided-over-greek-debt-but-progress-in-sight

A meeting of the so-called Washington Group – representatives of Greece’s creditors as well as the governments of Germany, France, Spain and Italy, the biggest eurozone economies – failed to break a deadlock over the Greek debt as the International Monetary Fund and Berlin remain divided on the length of an upfront extension on bailout loans....

2. Cyprus forecasts high GDP growth of 3% plus until 2021

http://knews.kathimerini.com.cy/en/business/cyprus-forecasts-high-gdp-growth-of-3-plus-until-2021

High growth rates exceeding 3% of the GDP and high primary surpluses are projected until the year 2021 in the Strategic Fiscal Policy Framework (SFPF) 2019-2021, which was approved by the cabinet...

3. Tsipras says Greece will meet fiscal targets with no fiscal gap in 2018-9

http://knews.kathimerini.com.cy/en/business/tsipras-says-greece-will-meet-fiscal-targets-with-no-fiscal-gap-in-2018-9

Greece and its foreign creditors agreed that the country will meet its fiscal targets in the coming years and there will be no fiscal gap in 2018 and 2019, Prime Minister Alexis Tsipras told his cabinet ...

4. Teenager Alexander-Arnold named in youthful England World Cup squad

http://knews.kathimerini.com.cy/en/news/teenager-alexander-arnold-named-in-youthful-england-world-cup-squad

Liverpool’s 19-year-old right back Trent Alexander-Arnold received a surprise call-up for England as manager Gareth Southgate put his faith in youth with his final 23-man squad for next month’s World Cup...

5. Non-performing loans in banking system spike by €1.5 billion

http://knews.kathimerini.com.cy/en/business/non-performing-loans-spike-by-€1-5-billion

Non-performing exposures (NPEs) in the Cyprus banking system jumped up by €1.5 billion in January, as International Financial Reporting Standard 9 entered in to force...

6. Co-op receives two bids in good bank, bad bank scenarios

http://knews.kathimerini.com.cy/en/business/co-op-receives-two-bids-in-good-bank-bad-bank-scenarios

The Cooperative Central Bank (CCB) announced on Monday it has received two bids as part of its privatisation process launched in March, with one bidder going after the ‘good bank’ scenario just as the European Commission approved the acquisition of Altamira Cyprus by a joint platform with CCB and one of the bidders...

7. It seems Trump paid off women to keep their secrets silent

http://knews.kathimerini.com.cy/en/news/it-seems-trump-paid-off-women-to-keep-their-secrets-silent

Donald Trump’s attorney, Rudy Giuliani, said on Sunday he would not rule out the possibility that payments were made to women other than porn star Stormy Daniels to get them to stay silent about allegations against Trump...

8. Experts says Cyprus economy to grow by 3.8% this year

http://knews.kathimerini.com.cy/en/business/experts-says-cyprus-economy-to-grow-by-3-8-this-year

The Cypriot economy will pick up momentum in 2018, the University of Cyprus’s Economic Research Centre predicts, upgrading its growth forecast to 3.8% compared with its previous projection of 3.6%. ...

9. Hypocrisy over defence spending

http://knews.kathimerini.com.cy/en/comment/hypocrisy-over-defence-spending

Beyond the competition that has always existed between France and Germany in this field, Greece is being accused of spending European taxpayers’ money on a shopping spree...

10. Hellenic Bank in a time crunch to bid on Co-op

http://knews.kathimerini.com.cy/en/business/hellenic-bank-in-a-time-crunch-to-bid-on-ccb

The deadline in the privatisation process for the Cyprus Cooperative Bank (CCB) has been postponed until mid-May, setting in motion the executive board at the Hellenic Bank to intensify discussions on making a bid. ...

11. ECB mulls shelving rules tackling eurozone NPLs

http://knews.kathimerini.com.cy/en/business/ecb-mulls-shelving-rules-tackling-eurozone-npls

The European Central Bank is considering shelving planned rules that would have forced banks to set aside more money against their stock of unpaid loans, after suffering a political backlash....

12. Cyprus recovery is being recognised by international agencies

http://knews.kathimerini.com.cy/en/business/cyprus-recovery-is-being-recognised-by-international-agencies

Fitch does not currently anticipate developments with a high likelihood of leading to a downgrade...

13. Co-op suffered 'nightmare' bank run

http://knews.kathimerini.com.cy/en/business/bank-run-at-cooperative-peaked-in-march

A top official at the Cooperative Bank says more money was lost in bank deposits first quarter this year, just shy of 2 billion, than the outflow during the 2013 crisis....

14. #PoliticsBlog Loans to Politicians

http://knews.kathimerini.com.cy/en/comment/politcsblog-loans-to-politicians

The Non-Performing Loans (NPL) associated with political public figures reach over €160 million just in the cooperative bank alone. New measures are welcome but can they deliver?...

15. FinMin: Revenue from NPLs management will repay cost of support to Co-op

http://knews.kathimerini.com.cy/en/business/finmin-revenue-from-npls-management-will-repay-cost-of-support-to-co-op

Government moves include establishing an asset – management company, based on conditions that the competent European institutions will set and depending on the finalisation of investment interest in the Co-op...

16. Banks in Cyprus, Greece and Portugal may need further reserve build-up

http://knews.kathimerini.com.cy/en/business/banks-in-cyprus-greece-and-portugal-may-need-further-reserve-build-up

Fitch also notes that average NPL/total loan ratios at the EU`s largest banks had declined to 4% by end-2017 from 6.5% at end-2014...

17. Georgiades makes a “good case” for Co-op sell-off

http://knews.kathimerini.com.cy/en/business/georgiades-makes-the-good-case-for-ccb

Borrowers who default on a loan won’t be able to pick up the phone and ask a politician to intervene, according to Finance Minister Harris Georgiades, who insists that separating healthy banking from bad loans is the best way forward for the Cyprus Cooperative Bank....

18. Russia can build Turkey power station alone

http://knews.kathimerini.com.cy/en/news/russia-can-build-turkey-power-station-alone

Russian firm Rosatom has been seeking investors for a 49 percent stake in the Akkuyu nuclear power plant project...

19. Privatisation of Co-op may lead to the creation of a 'bad bank'

http://knews.kathimerini.com.cy/en/business/privatisation-of-co-op-may-lead-to-the-creation-of-a-bad-bank

A process launched by the nationalised Cooperative Cyprus Bank may lead to the creation of an Asset Management Company also known as a bad bank ...

20. Cooperative bank outflow appears to have stopped

http://knews.kathimerini.com.cy/en/news/cooperative-bank-outflow-appears-to-have-stopped

The Cyprus finance minister says outflow has stopped at the state-owned Cyprus Cooperative Bank, following a €2.5 billion deposit by the government that is seeking private investors for the troubled institution....

21. Cyprus Cooperative Bank gets €2.5 billion deposit

http://knews.kathimerini.com.cy/en/business/government-boosts-ccb-s-hand

The Cyprus government says it is depositing €2.5 billion at the Cooperative Bank of Cyprus, as part of a broader plan to eliminate uncertainty among depositors in the wake of a privatisation bid...

22. Ukraine's Privatbank files $3 billion lawsuit against PwC subsidiaries

http://knews.kathimerini.com.cy/en/business/ukraine-s-privatbank-files-$3-billion-lawsuit-against-pwc-subsidiaries

Kiev has already withdrawn PwC’s right to audit Ukrainian banks as punishment for its alleged failure to flag evidence of wrongdoing at PrivatBank...

23. Hourican is one of the best paid Irish bankers

http://knews.kathimerini.com.cy/en/business/hourican-is-one-of-the-best-paid-irish-bankers

The Dubliner CEO of the Bank of Cyprus, was paid €2.1 million last year, putting him among the best-paid Irish bankers in the world...

24. Bad loans still high despite fast economic growth

http://knews.kathimerini.com.cy/en/business/bad-loans-still-high-despite-fast-economic-growth

Cyprus' economic growth has been supported by construction, tourism and professional services...

25. Coops privatisation process attracts «significant investor interest»

http://knews.kathimerini.com.cy/en/business/coops-privatisation-process-attracts-significant-investor-interest

The privatisation process of the Cyprus Cooperative Bank (CCB) attracted “significant interest” both from financial entities in Cyprus and abroad in acquiring a stake in its share capital of part of its assets, the CCB said after the completion of the first phase concerning the expression of interest....

26. Bank chief urges business to help in a speedier resolution of NPLs

http://knews.kathimerini.com.cy/en/business/hourican-urges-business-to-help-in-a-speedier-resolution-of-npls

He said that one of the biggest issues in Cyprus was the tolerance on non-performers lending...

27. Cyprus central government debt at €18.3 billion at end 2017

http://knews.kathimerini.com.cy/en/business/cyprus-central-government-debt-at-€18-3-billion-at-end-2017

Cyprus central government debt reached 18.315 million in the end of 2017 marking a decline of 3.6% compared with 2016, according to data released today by the Finance Ministry’s Public Debt Management Office (PDMO)....

28. Loans in banking system reach €51.1 billion

http://knews.kathimerini.com.cy/en/business/loans-in-banking-system-reach-€51-1-billion

Total deposits in February recorded a net decrease of €29.2 million...

29. Hedge funds show interest in Cyprus co-op

http://knews.kathimerini.com.cy/en/business/hedge-funds-show-interest-in-cyprus-co-op

Major hedge funds are showing interest in the Co-Operative Bank of Cyprus, including one headed by former Bank of Cyprus Vice Chairman and current US Commerce Secretary Wilbur Ross. It is too early to predict any deal since investor goals differ from each other and all would depend on final numbers at a later stage. ...

30. Co-op Bank en route to healthy future

http://knews.kathimerini.com.cy/en/business/co-op-bank-en-route-to-healthy-future

Cyprus Co-operative Bank will be healthier without a massive NPL problem. Already it has managed to cut down on the number of branches and reduce its staff, but now the big step is finding investors with the right kind of portfolio to move banking forward....