Banks in Cyprus to sell 4 bln euros of...
© FamagustaGazette 2020
The two main Cypriot lenders, Bank of Cyprus and Hellenic Bank, are set to sell packages of non-performing loans amounting to 4 billion euros (4.44 billion U.S. dollars), Central Bank governor Constantinos Herodotou said on Monday. Herodotou told the parliamentary finance committee that the selling of the loans will be a major development for Cypriot banking. “The amounts are such that will allow the banks to turn their attention to operational issues instead of only dealing with non-performing...
This article was automatically added to our system 21-1-2020
The contents of this article including any associated images are © FamagustaGazette 2020
Views & opinions expressed in this article are those of the author and/or FamagustaGazette .
You may also like the following pages:
More from FamagustaGazette | Latest News | Trending News | Local News | Weather | Webcams | Restaurants | Flights