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Troika still sees spectres of the 2013 financial crisis

The Troika of international lenders expressed concern over Cyprus' slow progress in reducing legacy Non-Performing Loans (NPLs) and persistent...

How many properties and loans do vulture funds own?

At the end of 2024, the total value of loans held by Credit Acquisition Companies (better known as vulture...

EC Report for Cyprus analyses the economic situation

The Cyprus Post-Programme Surveillance Report for Autumn 2023, which has been prepared by the European Commission's Directorate-General for Economic...

NPLs accounted for 17.4% of total loans in July

The Cyprus Central Bank (CCB) reports that non-performing loans (NPLs) accounted for 17.4% of total bank loans at the...

Fitch warns of threats to Cyprus banks’ balance sheets

Fitch rating agency reaffirmed Cypriot banks' negative outlook noting the general environment poses threats to their balance sheets. In a...

NPLs remain at 18 per cent of total bank loans

Statistics published by the Cyprus Central Bank reveal that non-performing loans (NPLs) in May 2021 accounted for 18.07% of...

News from the Cyprus banking sector

Non-performing loans (NPLs) in the banking sector increased in April according to a report that the Central Bank of...

ECB cautions over changing foreclosure law

ECB supervisory board member Elizabeth McCaul advises caution over possible amendments to the Cyprus foreclosure law as they could...

NPLs fell by €3.86 billion in 2020

Non-performing loans (NPLs) in the Cyprus banking system dropped to €5.11 billion at the end of 2020; a fall...

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