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All reports tagged with: "pimco"

Cyprus banking idiosyncrasies laid bare

The PIMCO due diligence report on the island’s banking system reveals what the company refers to as idiosyncrasies that differentiate Cyprus from other international banking systems.

PIMCO’s property price assumptions rejected

Assumptions made by PIMCO that property prices will decline by a further 30 to 40 per cent this year have been rejected by the Cyprus Association of Valuers and Property Consultants.

PIMCO’s worst case assumes 65% property devaluation

In its worst-case scenario, where the Cyprus banking system would require €10.1 billion for its recapitalisation, PIMCO assumes a devaluation of properties by up to 65 per cent according to informed sources.

PIMCO delivers final report

The Central Bank of Cyprus has announced that the US investment consultancy firm PIMCO has delivered its final report on the due diligence review of the Cypriot financial sector.

Construction industry loans under microscope

Loans given to the construction industry by the Bank of Cyprus and the Cyprus Popular Bank will be discussed today at a meeting between the banks’ management and representatives from Pimco.

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