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All reports tagged with: "non-performing loans"

Banks need tools to pressurise delinquent borrowers

The banks need the means to pressurize obstinate and viable borrowers into servicing their loans; average borrowers and homebuyers should not be their primary targets, says Cyprus Finance Minister.

Hourican calls for change in the law

John Hourican has called for a change in the law concerning the collection and recovery of non-performing loans to assist the bank and help it return to normal operations and profitability.

Non-performing loans key to economic recovery

Non-performing loans might represent the single impediment to the recovery of not just the Cyprus banking sector but the island’s economy according to the CEO of the Bank of Cyprus.

Troika seeks to contain strategic defaults

In an effort to counter strategic defaulters the Troika is considering bringing forward the timeframe for the framework being developed concerning foreclosures and insolvency reports the Cyprus News Agency.

Does the Troika have the guts to push with NPLs

Does the troika delegation have the intestinal fortitude to deal with the non-performing loans issue while it’s undertaking its fourth review of the Cyprus economic adjustment programme?

Possible ‘Development Bank’ to manage NPLs

The Bank of Cyprus Board of Directors is expected to decide today whether to establish a “development bank” to deal with the problems of non-performing loans according to state broadcaster CyBC.

The fly in the ointment

Parliament should go ahead and name-and-shame all those who have enjoyed privileged loans from the banks, some of which were for personal use and vast amounts were written off.

NPLs in the land of freebees and populism

Non-performing loans (NPLs) have reached €26 billion and continue their upward trend while property prices continue their downward march. Valuable time has been lost unnecessarily.

A meaningless exercise in financial futility

While in conversation at their club after a particularly satisfying luncheon, a few long-term banker acquaintances discuss the financial problems in the Cyprus property market as they sip their brandies.

State should buy non-performing loans say experts

In efforts to protect primary residence from repossession without bringing more trouble on the banking system, a senior government adviser said the state should buy non-performing loans.

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