CLOSE
Loading...
12° Nicosia,
08 February, 2023
 

Search

Displaying results 1-30 of 60 matches for query bad loans.

1. Cyprus Banks: Vulnerabilities remain despite progress, says SSM

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. ...

2. The landscape of bank equity is changing in Cyprus

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"....

3. World's largest crypto exchange platform to set up shop in Cyprus

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,...

4. FT: The Bank of Cyprus/Lone Star deal is not just about price

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....

5. President signs controversial foreclosure law

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...

6. Cacophony emerges as Cyprus stalls foreclosure bills

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...

7. Cyprus will request EC permission to implement mortage-to-rent scheme

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....

8. Cypriot NPLs unchanged in November

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....

9. 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"...

10. Thousands of property assets in Greece are up for auction

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....

11. 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'...

12. Cyprus hurries to clean up company registry

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...

13. Property valuations and uncertainty clauses

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...

14. MPs approve publication of PEP bad loans list

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....

15. Apollo CEO investigated over Epstein ties

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...

16. EU summit breaks up after all-night talks, to resume later

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....

17. Hellenic Bank sells its most expensive home

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...

18. Coronavirus derails southern Europe's clean-up from the last crisis

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....

19. 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...

20. Cyprus to start process for early repayment of IMF loan, Finance Minister announces

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....

21. 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...

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

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

23. Four busted in Limassol co-op bank fraud

https://knews.kathimerini.com.cy/en/news/four-busted-in-limassol-co-op-bank-fraud

Four people have been arrested in connection with financial irregularities at a Limassol credit union of the Cyprus Cooperative Bank...

24. Bad loans in Cyprus decline by €3.28 billion since March 2018

https://knews.kathimerini.com.cy/en/business/bad-loans-in-cyprus-decline-by-€3-28-billion-since-march-2018

25. Alpha Bank Cyprus unloads NPLs worth €400 million

https://knews.kathimerini.com.cy/en/business/alpha-bank-cyprus-unloads-npls-worth-€400-million

26. Cyprus back into investment grade

https://knews.kathimerini.com.cy/en/business/cyprus-back-into-investment-grade

Cyprus got its investment worthiness stripes back on Friday as Standard & Poor’s raised the country’s credit grade from BB+ to BBB- with a stable outlook, five years following a devastating financial collapse...

27. Hellenic mulls over selling delinquent loans

https://knews.kathimerini.com.cy/en/business/hellenic-mulls-over-selling-delinquent-loans

Hellenic Bank posted a €35 million net profit for the first half of 2018, with the bank’s CEO Ioannis Matsis stating that the bank is ready to launch a tender for the sale of a portfolio of non-performing exposures within the next six months...

28. Hellenic takes on 400,000 new customers

https://knews.kathimerini.com.cy/en/business/hellenic-takes-on-400-000-new-customers

Hellenic Bank is taking on 400,000 new customers, leaving bad debt behind in the acquisition of healthy parts of state-owned Cyprus Cooperative Bank...

29. Moody’s thumbs up to Bank of Cyprus bad loans sale

https://knews.kathimerini.com.cy/en/business/moody-s-thumbs-up-to-bank-of-cyprus-bad-loans-deal

Moody’s credit rating agency says the recent sale of Non-Performing Loans by the Bank of Cyprus worth €2.8 billion is a positive step...

30. Bank of Cyprus gets rid of small business bad loans

https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-gets-rid-of-small-business-bad-loans

The Bank of Cyprus says it has sold a portfolio of non-performing loans worth €2.8 billion to Apollo Global Management, a transaction that will reduce its stock of NPLs to €5.2 billion...

X