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12° Nicosia,
01 March, 2024
 

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Displaying results 1-30 of 95 matches for query NPL\'s.

1. Parliament enacts law granting tax exemption on loan repayments

https://knews.kathimerini.com.cy/en/news/parliament-enacts-law-granting-tax-exemption-on-loan-repayments

The House of Representatives has unanimously approved a law exempting individuals who sold real estate or transferred shares to repay Non-Servicing Loans from the 0.4% tax designated for the Central Equal Weight Sharing Agency...

2. Non-performing loans hold steady at €2B amid rising rates

https://knews.kathimerini.com.cy/en/news/1-non-performing-loans-hold-steady-at-€2b-amid-rising-rates

Non-performing loans in the Cyprus banking system remained essentially unchanged at €2 billion in October 2023, marking a marginal reduction of just €2 million, in an environment of rising interest rates....

3. Cyprus grapples with lingering private debt woes

https://knews.kathimerini.com.cy/en/business/cyprus-grapples-with-lingering-private-debt-woes

In Cyprus, the European Commission consistently highlights the significant economic challenge of private debt through regular post-program or post-memorandum reports....

4. Half of Cyprus loans vulnerable to Euribor and ECB rates

https://knews.kathimerini.com.cy/en/news/half-of-cyprus-loans-vulnerable-to-euribor-and-ecb-rates

Half of the loans in Cyprus are "vulnerable" to euribor and the European Central Bank's (ECB) key rates. In 2024 and 2025, we may not expect further increases, but rather possible decreases, according to the Central Bank of Cyprus' Financial Stability Report for 2022....

5. Non-performing loans take a €95M dive

https://knews.kathimerini.com.cy/en/news/non-performing-loans-take-a-€95m-dive

As of the end of September 2023, the total Non-Performing Loans (NPLs) in the banking system of Cyprus further decreased to €2.02 billion compared to €2.08 billion at the end of August. ...

6. Cyprus gets BBB+ boost in latest ratings, but challenges persist

https://knews.kathimerini.com.cy/en/business/cyprus-gets-bbb-boost-in-latest-ratings-but-challenges-persist

The German Scope Ratings have given a positive sign for Cyprus by upgrading the country to BBB+ last Friday from the previous BBB while keeping the outlook of the economy stable. ...

7. Fitch upgrades Hellenic's long-term rating to ''BB+'' with stable outlook

https://knews.kathimerini.com.cy/en/news/fitch-upgrades-hellenic-s-long-term-rating-to-bb-with-stable-outlook

In a recent announcement, Fitch Ratings raised Hellenic Bank's long-term rating from "BB-" to "BB+" and assigned a stable outlook to the bank. The agency also upgraded the bank's Viability Rating (VR) to "bb+" from "bb-."...

8. KEDIPES calls for stability in foreclosure framework to safeguard borrowers' homes

https://knews.kathimerini.com.cy/en/business/kedipes-calls-for-stability-in-foreclosure-framework-to-safeguard-borrowers-homes

Lambros Papadopoulos, Chairman of the Board of Directors of KEDIPES (Cyprus Asset Management Company), emphasized the importance of maintaining consistency in the 2018 divestment framework within the Parliament....

9. ECB keeps watchful eye on non-performing loans

https://knews.kathimerini.com.cy/en/business/ecb-keeps-watchful-eye-on-non-performing-loans

The European Central Bank (ECB) is closely monitoring non-performing loans (NPLs) and related legislation, including the divestment framework. ...

10. Cyprus banks secure Moody's upgrade to investment status

https://knews.kathimerini.com.cy/en/news/cyprus-banks-secure-moody-s-upgrade-to-investment-status

After 12 years, Moody's has upgraded the ratings of Cyprus' two major banks, Bank of Cyprus and Hellenic Bank, placing them in the investment category....

11. Moody's boosts Bank of Cyprus and Hellenic Bank ratings to Baa2

https://knews.kathimerini.com.cy/en/news/moody-s-boosts-bank-of-cyprus-and-hellenic-bank-ratings-to-baa2

Moody’s Investors Service has upgraded Bank of Cyprus’ and Hellenic Bank’s long-term deposit ratings to Baa3 from Ba1, citing the continued resilience of the Cypriot economy and credit conditions, which are leading to supportive operating conditions for Cypriot banks....

12. SYPRODAT and Government join forces to end non-performing loans

https://knews.kathimerini.com.cy/en/news/syprodat-and-government-join-forces-to-end-non-performing-loans

Finance Minister Makis Keravnos expressed satisfaction with the progress made in divestments and the reduction of non-performing loans (NPLs) during a meeting at the Ministry of Finance with SYPRODAT President Costas Melas and Association Director Jenny Papacharalambous....

13. 135% debt reduction sparks hope for economy

https://knews.kathimerini.com.cy/en/news/135-debt-reduction-sparks-hope-for-economy

According to the latest data from the Central Bank of Cyprus, the private debt-to-GDP ratio has shown a significant decrease from its peak at the end of the first quarter in 2015 to the end of March 2023. ...

14. Recovery and Resilience measures target non-performing loans

https://knews.kathimerini.com.cy/en/news/recovery-and-resilience-measures-target-non-performing-loans

In a move to address Non-Performing Loans (NPLs) and maximize European funds, Minister of Finance, Makis Keravnos, announced the approval of an action plan under the Recovery and Resilience Plan. ...

15. Eurobank acquires 17.3% stake in Hellenic Bank for €167.9 million

https://knews.kathimerini.com.cy/en/news/eurobank-acquires-17-3-stake-in-hellenic-bank-for-€167-9-million

The Eurobank has agreed to acquire an additional stake of around 17.3% (equivalent to 71,428,572 shares) in the Hellenic Bank at a total price of 167.9 million euros, or 2.35 euros per share. ...

16. NPL crisis highlights tug of war between borrowers and legislation

https://knews.kathimerini.com.cy/en/business/npl-crisis-highlights-tug-of-war-between-borrowers-and-legislation

The concealment, or "camouflage," of non-performing loans (NPLs) in commercial banks before 2013 and their subsequent explosion have been, and may continue to be, the most significant challenge for the Cypriot economy. ...

17. Proposed foreclosure reforms spark debate in Cyprus

https://knews.kathimerini.com.cy/en/news/proposed-foreclosure-reforms-spark-debate-in-cyprus

Three proposals will be discussed at the last Plenary Session of the House of Representatives before the summer recess, along with three scenarios regarding the outcome of the foreclosure framework....

18. Parliament to vote on law for borrowers' foreclosure appeal

https://knews.kathimerini.com.cy/en/news/parliament-to-vote-on-law-for-borrowers-foreclosure-appeal

The news from the "Oikonomiki Kathimerini" about the suspension of first home foreclosures up to €350,000 until the end of October has been confirmed. ...

19. MPs move forward with divestment changes

https://knews.kathimerini.com.cy/en/news/mps-move-forward-with-divestment-changes

MPs are displaying a resolute determination to press ahead with crucial changes to the divestment framework before the parliamentary summer recess....

20. Total loans increase by €71 million, reaching €24.4 billion

https://knews.kathimerini.com.cy/en/news/total-loans-increase-by-€71-million-reaching-€24-4-billion

Non-performing loans decreased by €105 million end of March 2023, compared to the end of December 2022, reaching €2.2 billion, according to data published by the Central Bank of Cyprus on Tuesday. ...

21. Astrobank: 'Reward' plan for good borrowers

https://knews.kathimerini.com.cy/en/business/astrobank-reward-plan-for-good-borrowers

Astrobank is currently developing a plan to reward its consistent borrowers by providing relief for those who have mortgage loans worth up to €350,000....

22. EY presents report on the Future of Banking in Cyprus

https://knews.kathimerini.com.cy/en/business/ey-presents-report-on-the-future-of-banking-in-cyprus

The report showcases the importance and contribution of Cypriot banks to the wider economy and society, and identifies current and upcoming challenges and opportunities...

23. Bank of Cyprus: 71 million in profits in 2022

https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-71-million-in-profits-in-2022

Bank of Cyprus' profit for 2022 was 71 million euros, up from 30 million euros in 2021....

24. Rate of NPL's unchanged in November 2022

https://knews.kathimerini.com.cy/en/business/rate-of-npl-s-unchanged-in-november-2022

Non-performing loans (NPLs) in the Cyprus banking system remained unchanged in November, with the NPL rate to total loans unchanged at 10.5%....

25. Eurostat: Cyprus had the highest stock of NPL's in 2021

https://knews.kathimerini.com.cy/en/news/eurostat-cyprus-had-the-highest-stock-of-npl-s-in-2021

In 2021, Cyprus remained the country with the highest stock of non-performing loans (assets) of the general government, at 20.2% of GDP, according to data released by Eurostat, the statistical service of the EU....

26. A large number of foreclosure notices to be sent tomorrow

https://knews.kathimerini.com.cy/en/news/a-large-number-of-foreclosure-notices-to-be-sent-tomorrow

Today, Tuesday, January 31, 2023, marks the end of the most recent three-month suspension of divestments imposed by a resolution of the House of Representatives. ...

27. NPL's decreased by €32 million to €2.69 billion in October 2022

https://knews.kathimerini.com.cy/en/business/npl-s-decreased-by-€32-million-to-€2-69-billion-in-october-2022

Non-performing loans (NPLs) at the end of October 2022 amounted to €2.69 billion, showing a decrease of €32 million compared to the previous month....

28. Nicosia stays course as economic growth loses steam

https://knews.kathimerini.com.cy/en/news/nicosia-stays-course-as-economic-growth-loses-steam

Cypriot public finances have improved due to increased growth, although they are expected to be adversely affected due to a projected slowdown in the next few months, according to the 13th Post-Programme Surveillance Report for Cyprus...

29. BOC: Profits for first nine months gobbled up by Voluntary Retirement Plan

https://knews.kathimerini.com.cy/en/business/boc-profits-for-first-nine-months-gobbled-up-by-voluntary-retirement-plan

The bank reported 9 million euro losses following the summer departure of 550 employees, which cost it 104 million....

30. ECB: Banks in Italy, Portugal, Greece, Cyprus could see highest rise in NPLs

https://knews.kathimerini.com.cy/en/news/ecb-banks-in-italy-portugal-greece-cyprus-could-see-highest-rise-in-npls

Banks in Italy, Portugal, Greece and Cyprus could suffer some of the biggest increases in non-performing loans while France, Ireland and Luxembourg could be among the best performers, the European Central Bank said in a fresh study on Tuesday....

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