Banks and borrowers wait for developments

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Banks and borrowers wait for developments
 © In-Cyprus 2019
The restructuring process of Non-Performing Loans in Cyprus appears to be stagnant as it has been sidelined by other developments in the banking sector.

This is what recently-released data by the Central Bank of Cyprus seems to indicate.

Specifically, data for December 2018 and January and February 2019 show that NPLs are ‘stuck’ at €10 billion.  In addition, loans with an over 90-day delay have recorded an increase and this is something that causes concern, according to insiders.

A series of developments are behind the freezing of the restructuring process,...


This article was automatically added to our system 25-6-2019

Banks and borrowers wait for developments


The contents of this article including any associated images are © In-Cyprus 2019
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Article Tags: banks, borrowers, developments,