Tag: loans

The size of the EU bailout will be determined by the methodology employed by troika to assess bad loans as Cypriot banks do not count fully secured loans as nonperforming even though they have not been serviced in 90 days.

Banks are considering increasing housing loan interest rates of in light of the tough conditions in the sector and the increased risk in the Island's property market, according to StockWatch.

In April we reported that the price of property in Cyprus had fallen by more that nine percent during 2010; our figures were based on the RICS (Cyprus) Property Price Index. In its latest Economic Bulletin, the Central Bank paints a somewhat rosier picture.

Over the past year, Cyprus banks granted loans valued at more than more than three times the amount they received in deposits according to figures released by the Central Bank of Cyprus.

According to the European Central Bank, Cypriot banks charge the highest interest rates for housing loans in the euro area. The gap between the average housing loan in Cyprus and that of other countries in the euro area is 239 base points.

According to the Central Bank Monetary Review, credit growth in January 2008 stood at 33.48%, higher than February 2007. The...