Confidential figures from the Central Bank of Cyprus reveal that Cyprus continues to face a major private debt problem, with almost €20bn in non-performing...
The Chairman of the Parliamentary Legal Affairs Committee, Nicos Tornaritis, has hit out at vulture funds for refusing to suspend property repossessions ahead of...
The Troika of international lenders expressed concern over Cyprus' slow progress in reducing legacy Non-Performing Loans (NPLs) and persistent high debt levels.
The recent visit...
Police are investigating a case involving 80 individuals suspected of running a military-style organisation engaged in property fraud.
The Criminal Investigation Department (CID) launched the...
Following my rant about morally bankrupt Vulture Funds demanding payments to release Title Deeds of properties bought by trapped buyers, my jaw hit the...
Government intervention is needed to stop Credit Acquiring Companies, better known as Vulture Funds, demanding money from debt-free trapped buyers to release title deeds...
"We welcome this plan as a favourable arrangement, ensuring housing for vulnerable households," Hellenic Bank interim Chief Executive Officer Antonis Rouvas said in a...
The Cyprus Post-Programme Surveillance Report for Autumn 2023, which has been prepared by the European Commission's Directorate-General for Economic and Financial Affairs analyses the...
The government greenlighted the mortgage-to-rent scheme, the latest lifeline for defaulted borrowers, following approval from the European Commission.
Government spokesperson Konstantinos Letymbiotis on Wednesday told...
Finance Minister Constantinos Petrides will ask President Nicos Anastasiades to return the House's decision to extend a freeze on foreclosures, arguing that Cyprus's credibility...
The finance ministry has expressed alarm and dissatisfaction at the high amount of money owed to public-law organisations that give out loans to people...
Fitch rating agency reaffirmed Cypriot banks' negative outlook noting the general environment poses threats to their balance sheets.
In a report on the Cyprus banks,...
Statistics published by the Cyprus Central Bank reveal that non-performing loans (NPLs) in May 2021 accounted for 18.07% of total bank loans; unchanged from...
After some delay, Cyprus has started the process of transforming the Cyprus Asset Management Company (KEDIPES) into a national asset management company, also known...
A total of 700 borrowers with non-performing loans (NPLs) amounting to about €173 million were deemed non-viable for loan subsidisation under the Estia scheme,...
