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All reports tagged with: "central bank of cyprus"

Non-performing loans stand at €21.9bn

Non-performing loans (NPLs) in the Cypriot banking system currently stand at €21.9 billion, or 44 per cent of total loans and 120 per cent of economic output according to the governor of the Central Bank.

Non-performing loans at 47 per cent

Non-performing loans in the Cypriot banking system stood at 47% of total loans at the end of December 2016; a fall of €3.7 billion in two years to €23.7 billion according to data released by the Central Bank of Cyprus.

How far have Cyprus property prices fallen?

In light of the various Cyprus property price indexes that abound at the moment, the director of Sapienta Economics Ltd Fiona Mullen asks the question how far have Cyprus property prices fallen?

Central Bank hopeful on property prices

The Cyprus Central Bank considers that improvements in the local economy and financial conditions will have a positive effect on residential property prices according to its latest Residential Property Price Index.

Central Bank blasted on FX loans

The Central Bank of Cyprus has been blasted by the Borrowers Association accusing it of not regulating the banks correctly when they were granting loans in Swiss francs and other foreign currencies.

ECJ ruling protects consumers with Swiss franc loans

Consumers who received a loan in a foreign currency from a bank are protected from exchange rate fluctuations by a ruling of the European Court of Justice according to lawyer Pavlos Angelides.

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.

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.

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.

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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