Coffeeshop: Wanted: Witch doctors to help magic away NPLs

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Coffeeshop: Wanted: Witch doctors to help magic...
 © CyprusMail 2018
THESE wretched NPLs will just not go away, no matter how hard our omniscient parties try to tell us that they are not a problem and that our society’s priority must be to protect people not repaying their housing loans. As a result, the NPLs remain perilously high with the danger of the banks requiring re-capitalisation re-appearing on the horizon.

The finance ministry is terrified of this prospect and is proposing amendments to the foreclosures law, which was made toothless by our parties before they eventually approved it in 2014, in the hope it would speed up the...


This article was automatically added to our system 10-6-2018

Coffeeshop: Wanted: Witch doctors to help magic away NPLs


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Article Tags: coffeeshop, wanted, witch, doctors, magic,

 

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