Credit

You're probably well aware of the impact your credit score can has on your financial life. A good credit score can mean lower interest rates and better terms on loans, while a bad credit score can make it hard to get approved for financing at all.

But what you may not know is that personal loans can be a great way to improve your credit score. Here's how.

Nonperforming loans (NPLs) in Cyprus at the end of October 2022 amounted to 2.69 billion euros, showing a decrease of €32 million compared to the previous month.

Total new loans in Cyprus increased by 172.8 million euros in November compared to the previous month, despite an increase in interest rates across all loan categories.

The management of Attica Bank is expected by mid-January to have finalized its plan to reduce the lender's bad loans - which amount to approximately 2.5 billion euros (approximately 65% of its portfolio) - in order to then launch the process to increase its share capital by a total of €490 million. 

Biological age won’t help you live forever, but a ‘credit score for your body’ might prolong your lifespan, some scientists say

Two car companies have the highest debt

Fitch Ratings has affirmed Greece's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB' with a Positive Outlook.

Moody's maintains a positive outlook for the Greek banking system despite difficult economic conditions and inflationary pressures, which are likely to limit economic growth in 2022, but with a possible recovery in 2023.

Moody's proceeded to explain the reasons why it did not upgrade Greece's credit rating from Ba3.

In a new report, the rating agency says that further progress in reforms that will boost investment and growth, the rapid reduction of the debt ratio and the normalization of the banking sector are the factors that will "signal" the upgrade from the current Ba3 with stable prospects.

38% use a loan to cover household expenses, 30% - for home repairs, and 14% - for car supplies