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All reports tagged with: "non-performing loans"

Bank of Cyprus NPLs at tipping point

Nick Smith, who succeeded Euan Hamilton as the head of the Bank of Cyprus’ restructurings and debt recovery department, sees non-performing loans (NPLs) at tipping point as the bank mulls big loans syndication.

Non-performing loans remain high

Non-performing loans (NPLs) in the Cypriot financial system stood at 47.8 per cent of total loans at the end of September 2015, according to data released by the Central Bank of Cyprus.

NPLs remain obstinately high

Latest figures from the Cyprus Central Bank reveal that non-performing loans (NPLs) continue to remain high despite the implementation of the foreclosures and insolvency laws three months ago.

IMF review could release €125 million

The Cyprus News Agency (CNA) has reported that the Executive Board of the International Monetary Fund (IMF) will discuss the eighth review of Cyprus’ economic adjustment program on 23 September.

NPLs long road ahead

New figures published by the Cyprus Central Bank show that the banks still have a long way to go in reducing NPLs, which increased by €68.2 million at the end of June 2015 to stand at €27.04 billion.

Debt relief and foreclosures

While the Cyprus Insolvency Service has received four applications since the scheme came into force, it seems likely that the Bank of Cyprus will be the first lender to foreclose on property offered as loan collateral.

NAMA Mia here we go again (maybe)

Having rejected the idea a couple of years ago, it seems the Cyprus government is now considering a NAMA style ‘Bad Bank’ in efforts to help resolve the non-performing loans issue.

Problem housing loans below 10 percent

Based on the preliminary results from the Bank of Cyprus, problematic housing loans account for just 9.4% of its non-performing loans of €12.7 billion and only 10.2% of its NPLs in Cyprus.

Foreclosures hurdle must be overcome

The foreclosures hurdle must be overcome before the Cyprus adjustment programme can be brought back on track, said Eurogroup president Jeroen Dijsselbloem following a Eurogroup meeting on Monday.

The major problem of non-performing loans

Banks in Cyprus could secure the collection of significant parts of loans that are currently not being serviced by managing their non-performing loans more efficiently as Dr George Mountis explains.

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