Non-performing loans expected to increase in...
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The volume of non-performing loans is expected to increase in Cyprus in 2021 as a result of the coronavirus crisis, Central Bank Governor Constantinos Herodotou warned on Tuesday. However, Herodtou sounded an optimistic note, saying that with proper management the country’s economy could emerge stronger. Speaking during an economic teleconference in Nicosia, Herodotou said bad debts will not go up this year because of a stay in loan repayment in effect until the end of 2020. He added that on the...
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