Changes to foreclosures, insolvency laws on the way, Georgiades says

Click For Larger Image & Read More
Changes to foreclosures, insolvency laws on the...
 © CyprusMail 2018
The government is in the process of preparing proposals to improve the insolvency and foreclosure laws in a bid to tackle non-performing loans, Finance Minister Harris Georgiades said on Tuesday, especially those in the state-owned co-op bank, which is the process of being sold and possibly split in two parts.

Speaking at the 8 th Nicosia Economic Congress, the minister said that depending on investor interest in the co-op bank the government planned to set up a loan management body to handle its non-performing loans.

The terms will be set by the European supervisors.

He said...


Changes to foreclosures, insolvency laws on the way, Georgiades says


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

Advertise Here

Trending Cyprus News

Article Tags: changes, foreclosures, insolvency, georgiades,

 

Advertise Here

24hr News