Co-op collapse due to NPLs, not minister repeats president

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Co-op collapse due to NPLs, not minister...
 © CyprusMail 2019
“In 2013 the co-op was on the verge of collapse because of €7 billion of non-performing loans (NPLs). If Haris Georgiades has been removed would this have helped the NPLs,” President Nicos Anastasiades asked on Sunday in an interview with Haravgi.

“The investigative committee set up to look into the reasons behind the co-op’s downfall did an excellent job but unfortunately there were some contradictions in its conclusions,” the president said.

The report was issued on Wednesday since when political parties have called for the removal of Finance...


This article was automatically added to our system 10-3-2019

Co-op collapse due to NPLs, not minister repeats president


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Article Tags: collapse, minister, repeats, president,