articles | 02 February 2017

CBC calls for common bad loans management unit at banks

The Central Bank of Cyprus said recently the Cypriot banks should set up a common non-performing exposures (NPEs) management unit, as bad loans in the Cypriot banking system hovers around €24 billion.

The CBC’s remarks come as Hellenic Bank became the first financial institution joined forces with APS holdings, a company specialising in asset management, setting up a debt servicing company.

Furthermore, the Chief Executive Officer of the Cooperative Central Bank Nikolas Hadjiyiannis told CNA that the CCB is examining the possibility to set up a platform for NPE’s management.

Source: CNA

Cooperation Partners
  • Logo for Cyprus Shipping Chamber
  • Logo for Love Cyprus Deputy Ministry of Tourism
  • Logo for Ministry of Energy, Commerce, Industry and Tourism
  • Logo for Cyprus Chamber of Commerce and Industry
  • Logo for Cyprus International Businesses Association
  • Logo for CYFA Cyprus
  • Logo for Association of Cyprus Banks
  • Logo for Cyprus Investment Funds Association
  • Logo for Invest Cyprus