https://knews.kathimerini.com.cy/en/news/finmin-stresses-importance-of-stable-legislation-for-out-of-court-auctions
The Finance Ministry has stressed the importance of having stable legislation regulating out-of-court auctions, in tandem with an effective insolvency framework in order to achieve a reduction of bad loans....
https://knews.kathimerini.com.cy/en/business/2023-will-be-the-year-banks-dole-out-dividends
Apart from entering 2023 with inflationary tendencies and following a year with a geopolitical crisis due to the Ukrainian one, it is expected to be the year when the term "dividend distribution,"...
https://knews.kathimerini.com.cy/en/news/guarantor-wants-off-the-hook-over-old-bad-loan
Cyprus’ financial commissioner came to the rescue of a loan guarantor who says he should not have to pay anything because a former credit union had failed to send him default notices 'without delay' concerning non-payment by the primary beneficiary...
https://knews.kathimerini.com.cy/en/news/cyprus-banks-vulnerabilities-remain-despite-progress-says-ssm
Cypriot banks have made progress, according to a report by the Single Supervisory Mechanism (SSM), but there are still many issues. ...
https://knews.kathimerini.com.cy/en/business/the-landscape-of-bank-equity-is-changing-in-cyprus
A day before 2022 came to an end, Eurobank made the announcement that it had added 3.2% more shares of Hellenic Bank, bringing its total to 29.2% (pending regulatory approval), and altering the bank's balance "for good"....
https://knews.kathimerini.com.cy/en/business/world-s-largest-crypto-exchange-platform-to-set-up-shop-in-cyprus
The FTX bankruptcy scandal a few weeks ago rocked the entire crypto world to its core, after its founder Sam Bankman-Fried, the "wonderboy" of the crypto trading world,...
https://knews.kathimerini.com.cy/en/news/ft-the-bank-of-cyprus-lone-star-deal-is-not-just-about-price
Cyprus has attracted a different sort of visitor recently. US buyout group Lone Star has taken an interest in Bank of Cyprus, the island nation’s largest lender....
https://knews.kathimerini.com.cy/en/news/cypriot-president-signs-controversial-foreclosure-law
A controversial foreclosure bill has been signed into law in the Republic of Cyprus over the objection of the country’s finance minister who accused lawmakers of populism...
https://knews.kathimerini.com.cy/en/news/slashed-tires-slow-down-finance-minister
The tires of a vehicle belonging to the Cypriot finance minister were slashed over weekend, with police saying they were investigating the incident...
https://knews.kathimerini.com.cy/en/news/cacophony-emerges-as-cyprus-stalls-foreclosure-bills
The finance ministry in the Republic of Cyprus is scrambling for new ways to overcome an awkward impasse on two crucial foreclosure bills, after opposition parties blamed the administration for not doing enough to have the European Commission go along with amendments to protect bad loan guarantors...
https://knews.kathimerini.com.cy/en/news/cyprus-will-request-ec-permission-to-implement-mortage-to-rent-scheme
Cypriot authorities plan to submit in June an official request to the European Commission for the implementation of a mortgage-to-rent scheme, aiming to address non-performing loans collateralized by primary residences and SME business premises with an estimated contractual value of €3 billion....
https://knews.kathimerini.com.cy/en/news/boris-becker-faces-jail-term-for-failing-to-declare-his-millions
Three-time Wimbledon champion Boris Becker could be sent to jail today as he faces a sentence for flouting the terms of his 2017 bankruptcy....
https://knews.kathimerini.com.cy/en/business/cypriot-npls-unchanged-in-november
Total nonperforming loans (NPLs) in Cyprus’ banking sector saw no significant change in November 2021, reaching 4.24 billion euros from €4.26 billion the previous month, according to data released on Friday by the Central Bank of Cyprus....
https://knews.kathimerini.com.cy/en/news/cypriot-banks-to-reduce-costs
The President of the European Banking Authority speaks to "K"...
https://knews.kathimerini.com.cy/en/business/thousands-of-property-assets-in-greece-are-up-for-auction
The Greek property market is about to welcome a host of new offerings as the companies that manage loans secured on properties either for banks or the funds that have acquired them are resuming online auctions in large numbers....
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'...
https://knews.kathimerini.com.cy/en/news/cyprus-hurries-to-clean-up-company-registry
Energy Minister Natasa Pilides has called on business stakeholders in Cyprus to embrace a new effort of recording and updating true information about beneficiaries of companies, saying a new digital registry can bolster transparency on the island...
https://knews.kathimerini.com.cy/en/comment/opinion/property-valuations-and-uncertainty-clauses
Property appraisers in this country have had to deal with unprecedented events in the last seven to eight years that forced them to make use of the so-called 'uncertainty clauses' in their real estate estimates...
https://knews.kathimerini.com.cy/en/news/paphos-court-rules-stabbing-was-self-defence
A defendant who visited Cyprus last year and ended up in jail for seven months after stabbing another man, walked free this week after prosecutors failed to prove beyond reasonable doubt that he had murderous intent, with judges ruling self-defence was justifiable...
https://knews.kathimerini.com.cy/en/news/mps-approve-publication-of-pep-bad-loans-list
Parliament on Thursday approved the publication of the list of politically exposed persons (PEP) with non-performing loans, known as the Yiorkadji list....
https://knews.kathimerini.com.cy/en/news/apollo-ceo-investigated-over-epstein-ties
The CEO of Apollo Global Management, whose affiliates acquired billions of bad debt in Cyprus, is being investigated over alleged financial ties to Jeffrey Epstein...
https://knews.kathimerini.com.cy/en/news/eu-summit-breaks-up-after-all-night-talks-to-resume-later
A marathon European Union summit has broken up temporarily in the fourth day of acrimonious haggling over an unprecedented 1.85 trillion-euro ($2.1 trillion) EU budget and coronavirus recovery fund to tackle the crisis. The weary leaders were scheduled to resume the meeting Monday afternoon....
https://knews.kathimerini.com.cy/en/business/hellenic-bank-sells-its-most-expensive-home
Hellenic Bank has sold its most expensive home according to a special report, with foreign investors shelling out 3 million for a mansion in Lakatamia...
https://knews.kathimerini.com.cy/en/news/coronavirus-derails-southern-europe-s-clean-up-from-the-last-crisis
This year was meant to mark a turning point for Greek and Italian banks as they finally laid the ghosts of the financial crisis to rest. Then the coronavirus struck....
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...
https://knews.kathimerini.com.cy/en/business/cyprus-to-start-process-for-early-repayment-of-imf-loan-finance-minister-announces
Finance Minister Harris Georgiades announced on Tuesday that an official process will be launched for the early and full repayment of an IMF loan, following the repayment of a loan from Russia....
https://knews.kathimerini.com.cy/en/comment/opinion/the-others-were-merkel-s-puppets-we-were-just-naive
Prime Minister Alexis Tsipras admitted to being naive enough to believe that his European counterparts, whose countries have loaned Greece billions of euros, would go easy on him...
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...
https://knews.kathimerini.com.cy/en/news/cyprus-one-of-the-success-stories-of-esm
https://knews.kathimerini.com.cy/en/news/suspected-loan-shark-turns-tables-on-accuser
State prosecutors are seeking guidance from the attorney general in a case where a suspected loan shark in Limassol has presented evidence of actual debt owed to him by his female accuser...