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12° Nicosia,
20 February, 2020
 

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Displaying results 31-43 of 43 matches for query bad loans.

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

https://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...

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

https://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...

33. Cyprus recovery is being recognised by international agencies

https://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...

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

https://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....

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

https://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 ...

36. Cooperative bank outflow appears to have stopped

https://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....

37. Cyprus Cooperative Bank gets €2.5 billion deposit

https://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...

38. Hourican is one of the best paid Irish bankers

https://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...

39. Bad loans still high despite fast economic growth

https://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...

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

https://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...

41. Hedge funds show interest in Cyprus co-op

https://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. ...

42. Co-op Bank en route to healthy future

https://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....

43. Focus on responsible borrowers

https://knews.kathimerini.com.cy/en/news/finance-minister-wants-focus-on-responsible-borrowers

Finance Minister Harris Georgiades says responsible borrowers deserve help, but draws the line where strategic defaulters take advantage of loopholes and don't repay their loans...

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