https://knews.kathimerini.com.cy/en/news/president-thanks-parliamentary-caucus-for-sunday-votes
President Nicos Anastasiades praised the ruling and opposition parties for approving state guarantees for Hellenic Bank as well as passing new foreclosure and bankruptcy laws, adding he would not respond to criticism...
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...
https://knews.kathimerini.com.cy/en/news/house-shifts-into-gear-with-sunday-bad-loans-session
It will be a long weekend for the House finance committee, which will hold emergency sessions ahead of a crucial Sunday vote on bad loans and state guarantees for Hellenic Bank...
https://knews.kathimerini.com.cy/en/news/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...
https://knews.kathimerini.com.cy/en/news/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...
https://knews.kathimerini.com.cy/en/news/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...
https://knews.kathimerini.com.cy/en/news/bad-loans-revive-mp-financial-disclosure-debate
A ruthless debate is picking up steam among members of parliament following public discussion and media coverage that raises the issue of conflict of interest ahead of a crucial vote on bad loans...
https://knews.kathimerini.com.cy/en/news/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...
https://knews.kathimerini.com.cy/en/business/esm-warns-cypriot-banks-of-quick-fixes
The European Stability Mechanism warns Cyprus that despite a recent decline in non-performing loans (NPL), the banking sector remains vulnerable due to weak profitability and a still high NPL ratio...
https://knews.kathimerini.com.cy/en/business/experts-says-cyprus-economy-to-grow-by-3-8-this-year
The Cypriot economy will pick up momentum in 2018, the University of Cyprus’s Economic Research Centre predicts, upgrading its growth forecast to 3.8% compared with its previous projection of 3.6%.
...
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...
https://knews.kathimerini.com.cy/en/business/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...
https://knews.kathimerini.com.cy/en/business/banks-in-cyprus-greece-and-portugal-may-need-further-reserve-build-up
Fitch also notes that average NPL/total loan ratios at the EU`s largest banks had declined to 4% by end-2017 from 6.5% at end-2014...
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...
https://knews.kathimerini.com.cy/en/business/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....
https://knews.kathimerini.com.cy/en/news/anti-foreclosure-protesters-scuffle-with-police-in-athens
Protesters opposing property auctions outside the office of a notary in the upscale Athens neighborhood of Kolonaki on Wednesday clashed with police trying to move them along....
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...
