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All reports tagged with: "liquidity"

With value gone out the window, liquidity is the key

Although the Central Bank’s Property Price Index shows a fall in residential property prices of 8.3 percent over the past two years, anecdotal evidence suggests that the decrease is at least double this figure.

The Greek haircut and the Cyprus real estate market

With the share price of one of the banks in Cyprus having fallen to a 12 year low, the repercussions of the 50 percent haircut on Greek bonds and now the possibility of Greece defaulting are devastating – and the Cypriot real estate sector is part of the problem.

Banks could face 1 billion Euro hit

Cypriot banks could take a hit of more than 1 billion Euros to shoulder their Greek bailout obligations, forcing them to raise capital and potentially deepening concerns over the Island’s own sovereign debt.

Developers meet with Central Bank Governor

The Cyprus Land and Building Developers Association has met with the Central Bank to discuss financing problems and the Title Deed legislation currently before a Parliamentary Committee.

Moody’s cuts Cyprus’ two main bank ratings

Moody’s has downgraded the deposit and debt ratings of the Bank of Cyprus and the Marfin Popular Bank. According to their report “The country’s real estate market, which is a significant component of the banks’ loan books, remains a risk area with unclear growth prospects and weak demand”.

Cyprus bank loans, deposits and liquidity

Over the past year, Cyprus banks granted loans valued at more than more than three times the amount they received in deposits according to figures released by the Central Bank of Cyprus.

Foreign demand shows no signs of recovery

Although the number of properties being sold in Cyprus has staged a marginal recovery, external demand from non-Cypriot buyers continues to fall.

Cyprus banks still face liquidity problems

In May, the “liquidity level” in the Cyprus banking system (deposits minus loans) stood at just €1.8 billion against €1.99 billion in April and €8.5 billion a year ago.

Cyprus banks under stronger liquidity pressures

THE liquidity pressures that the banks in Cyprus face have become stronger and stronger lately; according to latest Central Bank data, they continue to lose deposits and increase their loan portfolios. In December, the banks granted loans of 549 million euro, a quite small amount compared to other months but they lost deposits of 683 […]

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