Cyprus in race against time to reduce NPLs

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Cyprus in race against time to reduce NPLs
 © BusinessMail 2018
By Stelios Orphanides

The Finance Ministry and the Central Bank of Cyprus on Thursday presented political parties with proposals to resolve the non-performing loans problem by improving the current legislative framework as banks are running out of time, participants said.

“The European Central Bank (ECB) already applies stricter rules concerning non-performing loans,” said Andreas Charalambous, a senior finance ministry official who chaired a joint meeting with representatives of political parties and other stakeholders, including the Central Bank of Cyprus.

As...


This article was automatically added to our system 7-6-2018

Cyprus in race against time to reduce NPLs


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