Government, CBC working on NPL managing body law

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Government, CBC working on NPL managing body law
 © BusinessMail 2018
By Stelios Orphanides

Cypriot authorities are reviewing various the scenarios for setting up a non-performing loans management body to will relieve private lenders from part of their delinquent portfolio, which totals over €21 billion, two sources said.

Decisions about significant aspects of the plan – including its size and the extent of government participation – are still pending, said one of the sources, who spoke on condition of anonymity. In addition, weaknesses in insolvency and foreclosure legislation, modernised as part of Cyprus’ bailout agreement more than...


Government, CBC working on NPL managing body law


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