Cyprus News Agency

Trending-news
     CNA   Cyprus President reiterates determination to do utmost for a peaceful future     CNA   Trilateral summit between Cyprus, Greece and Jordan in mid April     CNA   FM outlines Cyprus` vision to establish a regional security and cooperation organisation     CNA   

Cabinet approves “Estia” scheme for vulnerable borrowers and NPLs management body
CNA - Kiriaki Demetriou - Cyprus/ΝICOSIA 03/07/2018 13:43



The Cabinet approved on Tuesday the “Estia” scheme aimed at addressing the high volume of non - performing loans in the Cypriot banking sector, by supporting vulnerable borrowers.
 
The Cabinet also approved the Finance Minister’s proposal to set up a body that will undertake the management of non – performing loans of 7 bn euro now owned by the Cyprus Cooperative Bank (CCB).
 
The CCB has signed a business transfer agreement with the Hellenic Bank based on which the latter will acquire a portfolio of primarily performing loans (net loans of €4.

(CNA)

*The full text of the news item is available in the paid version of the CNA web service. Subscription Form

*CNA reserves the copyright to the news stories it files, which is granted to subscribers for specific use only.
   

Closing:22/03/2019
Volume:482.816,74
CSE:64,810  -0,520%
FTSE/CySE:38,840  -0,540%
Nicosia18°C
Larnaca19°C