More trouble in sight for Cypriot banks as ECB mulls cutting back on QE

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More trouble in sight for Cypriot banks as ECB...
 © BusinessMail 2018
By Stelios Orphanides

Cypriot banks may face additional challenges in reducing their stock of non-performing loans once the European Central Bank (ECB) decides to cut back its expanded asset-purchase programme, economists said.

The economists commented in response to a Reuters report dated March 15, which said that banks in the European Union could face a non-performing loans problem totalling €1 trillion in case the ECB reduced its bond-buying programme of currently €80bn a month by one quarter. The Reuters report, which cited an “internal EU document,” said that...


This article was automatically added to our system 16-3-2017

More trouble in sight for Cypriot banks as ECB mulls cutting back on QE


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