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Pay up and shut up

Asked to comment on reports that thirty large borrowers were being put under pressure by the Bank of Cyprus to repay their debts, President Anastasiades said they have no option but to pay.
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NPLs of 22 developers highlighted by Troika

Troika calls for the non-performing loans of the top 22 corporates and real estate developers to be dealt with by "Special Projects Division" within the Bank of Cyprus to get them performing again – or seize collateral.
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Debt relief or foreclosures?

The debate continues as to whether a debt relief programme should be introduced to assist those who can no longer afford the loan repayments on their first home to avoid foreclosure.
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You can’t produce a baby in one month

Warren Buffet's quote "You can't produce a baby in one month by getting nine women pregnant" is an excellent metaphor of what Cyprus needs most; patience. Pavlos Loizou explains.
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Bank of Cyprus ashamed over past practices

The new Bank of Cyprus President, Christis Hassapis, has apologised to the country, shareholders and depositors over the previous lending practices of the bank and has vowed not to repeat past mistakes.
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IMF specialists to scrutinize Cyprus solvency laws

A reliable source has told CNA that a team from the IMF arrived in Cyprus yesterday and will meet all stakeholders in a bid to scrutinize the Cypriot solvency laws and provide recommendations for amendments.
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Why Bank of Cyprus should not be separated

Rather than establishing a separate Asset Management Company, it's likely that the Bank of Cyprus will set up a separate internal non-performing loan unit to pro-actively manage problematic loans.
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Banking commission final report released

The Independent Commission on the Future of the Cyprus Banking Sector has published its final report and recommendations for the long term recovery of the Cypriot banking industry.
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Sharp increase in non-performing loans

A recently issued report on Cyprus issued by the International Monetary Fund (IMF) anticipates a sharp increase in non-performing loans following their reclassification to include all loans in arrears for more than 90 days.
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Redefinition of non-performing loans

Changes to the definition of non-performing loans to comply with European and IFRS accounting standards are necessary to restore Cyprus' credibility as a regional financial hub.
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Nonperforming loans at €23 billion

Confidential information from the Central Bank released by StockWatch today puts the level of non-performing loans of the domestic banks at €23 billion requiring several billions more to recapitalise them.
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Title Deed mess must be considered by troika

Troika wants the banks to repossess homes held against non-performing loans within 18 months, but they cannot do this without taking into account the Title Deed mess that blights thousands of buyers.
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