Fin.minister warns about rise of NPLs if payment suspension is not approved

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Fin.minister warns about rise of NPLs if...
 © In-Cyprus 2021
Finance minister Constandinos Petrides warned that failure to pass the loan payment suspension bill through parliament, would lead to a ‘dangerous increase’ of non-performing loans.

Petrides appealed to MPs to approve the bill, so that people will not be forced to keep paying loans, causing a rise in NPLs.  The bill is necessary, he added, to freeze payments for the next 9 months.

The finance minister added that a 2nd bill before the House concerns state guarantees on low interest loans to businesses (exclusing banks) that would not be otherwise given during this period, in order to pay...


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Article automatically added to our system on Sunday, March 29, 2020

Fin.minister warns about rise of NPLs if payment suspension is not approved


Contents of this article including associated images are © In-Cyprus 2021
Views & opinions expressed are those of the author and/or In-Cyprus .

Article Tags: #minister   #warns   #about   #payment   #suspension   #approved  


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