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/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/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/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/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...
https://knews.kathimerini.com.cy/en/business/bad-loans-in-cyprus-decline-by-€3-28-billion-since-march-2018
https://knews.kathimerini.com.cy/en/business/alpha-bank-cyprus-unloads-npls-worth-€400-million
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...
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...
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...
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...
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...
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-ceo-stays-put-through-2020
Bank of Cyprus CEO John Patrick Hourican will stay in his current position through the end of 2020, following a decision by the executive board at the largest lending institution in Cyprus...
https://knews.kathimerini.com.cy/en/news/over-a-thousand-employees-choose-co-op-buyout
Over a thousand employees at Cyprus Cooperative Bank signed up for a voluntary severance package, well above the target of 900 set by the bank ahead of a takeover by Hellenic Bank...
https://knews.kathimerini.com.cy/en/news/shadows-loom-over-government-s-‘clean-exit-scenario
Greece’s bailout exit has been eliciting condescending and bitter commentary on the country’s beaches and in its near-deserted cities, as few Greeks believes their lives are going to improve or that the country’s prospects will be akin to those of other bailed-out eurozone states. Greece’s “return to normalcy” and “clean exit,” much touted by the government, appear to be happening somewhere else....
https://knews.kathimerini.com.cy/en/news/unions-to-discuss-ccb-severance-offer
The Cyprus Cooperative Bank is making another effort to strike a deal with unions in order to get 900 employees agree to walk away...
https://knews.kathimerini.com.cy/en/news/house-approves-state-guarantees-in-co-op-deal
The House passed legislation Sunday night in favour of providing state guarantees to Hellenic Bank in its acquisition of Cyprus Cooperative Bank’s healthy portfolio...