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12° Nicosia,
18 January, 2022
 

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Displaying results 1-30 of 58 matches for query NPLs.

1. NPLs in Cyprus decrease €722 million at the end of September

https://knews.kathimerini.com.cy/en/business/npls-in-cyprus-decrease-€722-million-at-the-end-of-september

Α decrease of €722 million or 14.4% was recorded at the end of September 2021 in aggregate Non-Performing Loans (NPLs) compared with the end of June 2021, according to data released Friday by the Central Banks of Cyprus (CBC)....

2. Cypriot economy will continue to recover output lost during 2020

https://knews.kathimerini.com.cy/en/business/cypriot-economy-will-continue-to-recover-output-lost-during-2020

The Cypriot economy in 2021 recovered the output lost during the 2020 COVID crisis and will continue to grow with an average 3.7% in the years 2022 – 2024, the Central Bank of Cyprus expects, according to its economic bulletin, stressing that risks to the baseline scenario are balanced albeit slightly upside concerning inflation....

3. Parliamentary Committee report on state budget 2022 sees significant uncertainties due to pandemic

https://knews.kathimerini.com.cy/en/business/parliamentary-committee-report-on-state-budget-2022-sees-significant-uncertainties-due-to-pandemic

A report by the Parliamentary Committee of Financial and Budgetary Affairs on the State Budget for 2022 ahead of the plenary debate and vote this week, stresses the significant uncertainties affecting the projections upon which the budget is based....

4. Debt sustainability in all Member States

https://knews.kathimerini.com.cy/en/news/debt-sustainability-in-all-member-states

ESM Managing Director Klaus Regling strongly believes that public debt is currently sustainable in all Member States of the monetary union. ...

5. Cypriot banks to reduce costs

https://knews.kathimerini.com.cy/en/news/cypriot-banks-to-reduce-costs

The President of the European Banking Authority speaks to "K"...

6. Hellenic posts 21 million euro profit

https://knews.kathimerini.com.cy/en/business/hellenic-posts-21-million-euro-profit

Hellenic Bank posted after-tax profits of €21 million for the first half of 2021....

7. ECB tells Cyprus lawmakers to get it right

https://knews.kathimerini.com.cy/en/news/ecb-tells-cyprus-lawmakers-to-get-it-right

Elizabeth McCaul, Member of the Supervisory Board of the ECB, advised caution over possible amendments to the Cyprus foreclosure law stressing that 'such policies can also backfire and destabilize the banking sector if designed in a haphazard manner'...

8. IMF: Withdrawal of support measures should be gradual

https://knews.kathimerini.com.cy/en/news/imf-withdrawal-of-support-measures-should-be-gradual

An International Monetary Fund (IMF) mission met virtually with the Cypriot authorities from March 8–29, 2021 to discuss recent economic developments and policy priorities on the island. In an interview with Kathimerini Cyprus, IMF mission chief for Cyprus, Anita Tuladhar, said the longer the recovery period in sectors related to tourism, the greater the chance that permanent scars will remain in the economy of Cyprus. Tuladhar also noted the importance of state-sponsored programs to support the economy....

9. Turkish hacker targets Cyprus Parliament website

https://knews.kathimerini.com.cy/en/news/turkish-hacker-targets-cyprus-parliament-website

The Cyprus Parliament’s website was on Monday facing attacks by a Turkish hacker, an announcement by the House of Representatives said....

10. Vaccinations 'main economic tool' in managing Covid crisis

https://knews.kathimerini.com.cy/en/news/vaccinations-the-main-economic-tool-in-managing-covid-crisis

Vaccinations have turned into the main economic tool for the management of the coronavirus crisis and the prospects for recovery, Minister of Finance Constantinos Petrides said, stating that he foresees a strong recovery in 2021 ranging from 3.5% to 4.5% of GDP, depending on the development of the pandemic....

11. Cyprus experiencing excessive macroeconomic imbalances

https://knews.kathimerini.com.cy/en/news/cyprus-experiencing-excessive-macroeconomic-imbalances

The European Commission said Wednesday that Cyprus continues to face excessive macroeconomic imbalances, particularly in view of the country’s very high percentage of non-performing loans that continue to plague the financial sector, but also in light of high private sector, government, and external debt....

12. Banks must prepare for a new cycle of NPLs due to Covid-19

https://knews.kathimerini.com.cy/en/news/banks-must-prepare-for-a-new-cycle-of-npls-due-to-covid-19

Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC) told Cyprus commercial banks to prepare to face a new cycle of non-performing loans in 2021 due to the coronavirus pandemic....

13. Cyprus enjoys strong growth prospects but contingent liabilities remain

https://knews.kathimerini.com.cy/en/business/cyprus-enjoys-strong-growth-prospects-but-contingent-liabilities-remain

Strong growth prospects and sustained fiscal discipline places Cyprus on a firm declining path but contingent liabilities, healthcare and public sector wage-related costs, as well as weaker external conditions, pose risks to the fiscal outlook, Scope rating agency said in commentary on Cyprus....

14. Banks must find new profitable products, CBC Governor says

https://knews.kathimerini.com.cy/en/news/banks-must-find-new-profitable-products-cbc-governor-says

The task of securing alternative profitable products besides lending is the biggest challenge for banks in small countries such as Cyprus, Central Bank Governor Constantinos Herodotou said on Friday....

15. Cyprus pays off costly crisis loan early

https://knews.kathimerini.com.cy/en/news/cyprus-pays-off-costly-crisis-loan-early

The Cypriot finance minister says the government is repaying an IMF rescue loan faster and at a lower rate after a double bond issuance expected to secure most of the country’s borrowing needs for 2020...

16. CITR Cyprus calls for modern insolvency rules

https://knews.kathimerini.com.cy/en/business/citr-cyprus-calls-for-modern-insolvency-rules

17. Central warns banks ‘not to overdo it’

https://knews.kathimerini.com.cy/en/news/central-warns-banks-‘not-to-overdo-it

The Governor of the Central Bank of Cyprus has called on smaller local banks not to get carried away with loaning money, urging them to follow the example of bigger banks and focus on reducing toxic debt...

18. Moody's changes Cyprus outlook to positive

https://knews.kathimerini.com.cy/en/news/moody-s-changes-cyprus-outlook-to-positive

Rating agency Moody’s changed the outlook for the Cypriot economy to positive from stable, citing the reduction of the sovereign exposure to event risks stemming from the banking sector and the improving fiscal strength beating previous expectations...

19. Estia scheme kicks in for eligible borrowers

https://knews.kathimerini.com.cy/en/news/estia-scheme-kicks-in-for-eligible-borrowers

The Estia plan aimed at boosting borrowers’ ability to repay their defaulted loans went into effect on Monday, as the Cypriot government embarks on a scheme to subsidize repayments of restructured loans...

20. Scope rates Cyprus with BBB-

https://knews.kathimerini.com.cy/en/business/scope-rates-cyprus-with-bbb

Scope Ratings affirmed last week the Republic of Cyprus’ BBB- long-term issuer and senior unsecured local- and foreign-currency ratings, along with a short-term issuer rating of S-2 in both local and foreign currency, noting that all outlooks are stable...

21. Non-performing loans decline to €10.14 billion

https://knews.kathimerini.com.cy/en/news/non-performing-loans-decline-to-€10-14-billion

Non-performing loans as defined by the European Banking Authority declined to €10.14 billion in March 2019, marking a reduction of €151 million compared to previous month. ...

22. ECB warns of 'significant negative impact'

https://knews.kathimerini.com.cy/en/news/ecb-warns-of-significant-negative-impact

The European Central Bank (ECB) has warned of “significant negative impact” to the Cypriot banking system in case a new law amending the legal on foreclosures is implemented. ...

23. Moody's warns foreclosure laws increase risk for banks

https://knews.kathimerini.com.cy/en/news/moodys-warns-foreclosure-laws-increase-risk-for-banks

Cyprus’ new foreclosure framework hampers banks efforts to reduce NPLs said credit rating agency Moody's in an announcement on Thursday....

24. Warnings over new foreclosure legislation

https://knews.kathimerini.com.cy/en/news/warnings-over-new-foreclosure-legislation

A total of five bills concerning a new foreclosure legislation are expected to be discussed on Thursday at a meeting of the House of Representatives Finance Committee...

25. Bank culture should change Central Bank Governor says

https://knews.kathimerini.com.cy/en/news/bank-culture-should-change-central-bank-governor-says

26. IMF: Cyprus economic recovery gradually decelerating but remains strong

https://knews.kathimerini.com.cy/en/business/imf-cyprus-economic-recovery-gradually-decelerating-but-remains-strong

27. Cyprus 'one of the success stories of ESM'

https://knews.kathimerini.com.cy/en/news/cyprus-one-of-the-success-stories-of-esm

28. CBC ready to examine ambiguities in AML laws

https://knews.kathimerini.com.cy/en/business/cbc-ready-to-examine-ambiguities-in-aml-laws

29. Anti-money laundering efforts beginning to be recognized abroad, Central Bank Governor says

https://knews.kathimerini.com.cy/en/business/anti-money-laundering-efforts-beginning-to-be-recognized-abroad-central-bank-governor-says

30. IMF warns of 'increasing headwinds to sustained growth'

https://knews.kathimerini.com.cy/en/news/imf-warns-of-increasing-headwinds-to-sustained-growth
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