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All reports tagged with: "bank of Cyprus"

Non-performing loans restructured

Pafilia Property Developers, the D. Zavos Group and Tsokkos Hotels and Resorts have restructured their non-performing loans (NPLs) according to sources inside the Bank of Cyprus.

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.

Hourican to remain at Bank of Cyprus

In April this year John Hourican, the CEO of the Bank of Cyprus, resigned his position for personal reasons; however the Bank’s broad of directors have decided to extend his contract for two more years.

Aphrodite Hills sold

The Bank of Cyprus has finalised the sale of its share in the Aphrodite Hills Limited at Kouklia, in which it acquired a 75 per cent shareholding in 2014 as part of its management of large exposures.

Man hands home keys to bank

A man whose home loan repayments shot up from €350/month to €900/month handed the keys of his home to the Bank of Cyprus today accusing the bank of abusing the terms of his loan agreement.

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.

Delinquent developers ultimatum

The Bank of Cyprus is to offer a last chance to delinquent developers, including Leptos Estates, Aristo Developers, Pafilia Property Developers, to start repaying their debts or face the consequences.

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.

Large bank and Co-op loans probe

Loans given to former board members of the Bank of Cyprus and the now defunct Cyprus Popular Bank and other large loans are being investigated as part of the probe into the near collapse of the economy.

Bank of Cyprus deposit ratings for upgrade

Moody’s Investor Service has announced that it has placed the long-term deposit ratings of the Bank of Cyprus on review for upgrade following the bank’s successful completion of its €1 billion capital increase.

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