Moody’s says BoC-Pepper deal a “credit positive”

Click For Larger Image & Read More
Moody’s says BoC-Pepper deal a “credit positive”
 © BusinessMail 2018
By Stelios Orphanides

Bank of Cyprus’s decision to enter an agreement with Australia’s delinquent loans specialist Pepper Group Ltd is a credit positive for the lender, Moody’s Investors Service said.

The ability of Cyprus’s largest bank to reduce bad loans will improve as a result of the cooperation with Pepper and the resources the latter will provide, Moody’s said in an emailed statement on Thursday.

The bank announced last week that it received the approval of the board and its workers’ union, Etyk, to outsource management of up to €800m of non-performing...


This article was automatically added to our system 7-12-2017

Moody’s says BoC-Pepper deal a “credit positive”


The contents of this article including any associated images are © BusinessMail 2018
Views & opinions expressed in this article are those of the author and/or BusinessMail .

  • Click Here
Advertise Here

Trending Cyprus News

Article Tags: moody, pepper, credit, positive,

 

  • Click Here
Advertise Here

24hr News