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 2020
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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This article was automatically added to our system 29-3-2020

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


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