Moody’s warns of possible underperformance of Cyprus banks

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Moody’s warns of possible underperformance of...
 © CyprusMail 2021
The loans on the books of EU banks that remain under long-running moratoria are more likely to underperform, with credit quality particularly uncertain in Cyprus, Italy, Portugal and Hungary, Moody’s Investors Service said in a report published Tuesday.

“We expect problem loans to increase in most EU countries as government support measures are reduced,” said Bernhard Held, a Vice President-Senior Credit Officer at Moody’s and author of the report.

“The remaining loans benefiting from moratoria will be the main pockets of potential credit deterioration, because they are likely to be of weaker...


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Moody’s warns of possible underperformance of Cyprus banks


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