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151. Central Banker mulls bridging framework on foreclosures

The Central Bank will present recommendations aimed at rectifying the foreclosure framework it was announced on Thursday...

152. Foreclosures: Parliament rejects President's referral

The House of Representatives today rejected a presidential referral regarding a number of foreclosure legislation amendments. ...

153. Foreclosure legislation deemed unconstitutional

Finance Minister Haris Georgiades said on Tuesday that "a legislative framework must be effective, it must not change frequently, in order to create a trustworthy framework that will enable us to manage this last remaining problem of non-performing loans.'' ...

154. Moody's 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....

155. Bank culture should change Central Bank Governor says

156. 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...

157. Baker Tilly Annual Restructuring Summit

Baker Tilly Cyprus held its first annual restructuring summit at the Hilton Park Hotel in Nicosia, drawing on the expertise of banking professionals, company directors and restructuring specialists...

158. Bank of Cyprus sells NPEs amounting to €34 million to APS Delta

159. House passes state budget for 2019

The House of Representatives Plenary on Friday approved by majority voting the 2019 state budget, that provides for a surplus amounting 3% of GDP...

160. EU Commission approves ESTIA scheme

161. 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...

162. Hellenic Bank’s Economic Review

163. Interview with Isfandyar Zaman Khan, lead specialist for finance and innovation at the World Bank

164. Economic growth in Cyprus remains strong

165. Fitch Ratings upgrades Cyprus to investment grade

166. IMF: The Cypriot economy continues its rapid recovery from the 2012–13 financial crisis

167. Fitch Ratings upgrades Bank of Cyprus

168. Greek banks to chase borrowers who refused to open their accounts

Banks have firmly focused their attention on debtors who have resorted to the provisions of the so-called Katseli law – named after former economy minister Louka Katseli – for protection now that their bank account secrecy has been lifted....

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

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...

170. 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...

171. Search continues as wildfires death toll climbs to 80

Rescue crews Wednesday continued to search the seaside areas northeast of Athens that were the worst affected by wildfires to locate any further victims, as the official death toll rose to 80...

172. Cabinet okays homeowner plan ahead of crucial House session

The Cabinet approved on Tuesday the “Estia” scheme aimed at addressing the high volume of non-performing loans in the Cypriot banking sector, but time is running out as a crucial legislation package on bad loans is also up for a vote on Friday...

173. House prepares to define good and bad borrowers

The distinction between responsible and irresponsible borrowers is at the forefront of heated debate this week, with Presidential Palace and Parliament scrambling to strike balance ahead of a crucial vote...

174. Government welcomes Diko support on bad loans

The Cyprus government says it can work with opposition centrist party Diko to pass much needed comprehensive legislation on bad loans that would also pave the way for a co-op deal to go forward...

175. Co-Op deal with Hellenic still up in the air

The government is running against the clock with bad loans legislation, which would include a bill approving state guarantees for Hellenic Bank to absorb potentially high-risk loans in co-op takeover...

176. FinMin: Revenue from NPLs management will repay cost of support to Co-op

Government moves include establishing an asset – management company, based on conditions that the competent European institutions will set and depending on the finalisation of investment interest in the Co-op...

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

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....

178. 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...

179. Fitch upgrades Bank of Cyprus covered bonds to 'BBB'

Fitch Ratings has upgraded Bank of Cyprus` outstanding €650 million conditional pass-through (CPT) covered bonds to `BBB` from `BBB-` with a stable outlook, the international credit rating agency has said in a press release....

180. UK home-sellers raise prices by most since 2007

Asking prices in the first quarter of 2018 as a whole were 3 percent higher than at the end of 2017...