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Non-performing loans at 49 per cent

Non-performing loans (NPLs) in the Cypriot financial system stood at 49% of total loans at the end of October 2014, from 48.5% in the previous month, according to data released by the Central Bank of Cyprus.
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Non-performing loans €27.90 billion

Non-performing loans (NPLs) in the Cypriot financial system fell from €27.95 billion in July to €27.90 billion in August, approximately 175 per cent of Cyprus GDP according to the Cyprus Central Bank.
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No foreclosure law no money

Eurogroup President Jeroen Dijsselbloem told a news conference that putting legislation in place to deal with the high level of non-performing loans (NPLs) is essential for Cyprus to return to financial health.
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Non-performing loans at €29 billion

Non-performing loans (NPLs) in the Cypriot banking system continued their upward trend in July reaching €28.88 billion; 47.17 per cent of the total amount of loans according to the island's Central Bank.
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Reckless banks lent millions

A report by the Cyprus Central Bank reveals how the island's banks lent millions of Euros recklessly without having properly examined the borrowers' ability to repay or the value of the loan collateral.
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Construction sector worst non-payers

Half the businesses in Cyprus are failing to repay their loans, with the construction sector being the worst offender as non-performing loans reached 72 percent in June according to the Central Bank.
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Pressure on non-performing loan recovery

The troika of international lenders has raised the stakes on the recovery of non-performing by increasing pressure on delinquent borrowers who refuse to service their loans despite having the ability to do so.
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Moody’s: Cyprus banking sector risk ‘very high’

Moody's Investor Services has warned about the dangers lurking in the Cyprus Banking system due to the high percentage of non-performing loans and considers the banking sector risk to be "Very High".
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The recent property boom and bust cycle

The continuous increase in property prices created a false sense of security in Cypriot banks and led to further credit expansion and a real estate "bubble" which burst resulting in a large increase in non-performing loans.
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Cyprus making relatively good progress

Although Cyprus is making relatively good progress following the bailout, Troika officials have warned that the repossessions bill has to be approved by January 2015 before new aid is disbursed.
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€12 billion non-performing loans restructured

Cypriot banks have restructured €12 billion of their non-performing loans as of April 2014, more than a quarter of their total loan portfolios of €44 billion, according to the Association of Cyprus Banks.
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Hourican calls for change in the law

John Hourican has called for a change in the law concerning the collection and recovery of non-performing loans to assist the bank and help it return to normal operations and profitability.
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Non-performing loans key to economic recovery

Non-performing loans might represent the single impediment to the recovery of not just the Cyprus banking sector but the island's economy according to the CEO of the Bank of Cyprus.
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Troika seeks to contain strategic defaults

In an effort to counter strategic defaulters the Troika is considering bringing forward the timeframe for the framework being developed concerning foreclosures and insolvency reports the Cyprus News Agency.
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Does the Troika have the guts to push with NPLs

Does the troika delegation have the intestinal fortitude to deal with the non-performing loans issue while it's undertaking its fourth review of the Cyprus economic adjustment programme?
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Possible ‘Development Bank’ to manage NPLs

The Bank of Cyprus Board of Directors is expected to decide today whether to establish a "development bank" to deal with the problems of non-performing loans according to state broadcaster CyBC.
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The fly in the ointment

Parliament should go ahead and name-and-shame all those who have enjoyed privileged loans from the banks, some of which were for personal use and vast amounts were written off.
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NPLs in the land of freebees and populism

Non-performing loans (NPLs) have reached €26 billion and continue their upward trend while property prices continue their downward march. Valuable time has been lost unnecessarily.
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A meaningless exercise in financial futility

While in conversation at their club after a particularly satisfying luncheon, a few long-term banker acquaintances discuss the financial problems in the Cyprus property market as they sip their brandies.
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State should buy non-performing loans say experts

In efforts to protect primary residence from repossession without bringing more trouble on the banking system, a senior government adviser said the state should buy non-performing loans.
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