Non-performing loan
DoValue plans to diversify beyond non-performing loans after €19 mln net loss
Italian debt recovery company doValue, which is also active in Greece, plans to diversify its sources of revenue beyond non-performing loans, its CEO said on Friday, after it reported a €19 million net loss for 2023.
Cyprus banks must increase restructurings
The governor of the Central Bank of Cyprus has dispatched crucial correspondence to banks and credit repurchase companies shedding light on the strategy for restructuring nonperforming loans (NPLs) and navigating credit risk management.
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NPLs steady at €2 billion in Cyprus
Nonperforming loans in the Cypriot banking system remained essentially unchanged at 2 billion euros in October 2023, marking a marginal reduction of just €2 million, in an environment of rising interest rates.
According to data released by the Central Bank of Cyprus on Tuesday, bad loans in October amounted to €2.015 billion from €2.017 billion the month before.
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Warning NPLs could surge in Cyprus
The Central Bank of Cyprus (CBC) issued a warning on Monday, cautioning about the potential growth of nonperforming loans (NPLs) driven by high-interest rates and inflation, which are impacting households' disposable income and businesses' profitability.
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Cyprus NPLs take a 95-million-euro dive
As of the end of September 2023, the total Non-Performing Loans (NPLs) in the banking system of Cyprus further decreased to €2.02 billion compared to €2.08 billion at the end of August. In comparison to the previous quarter ending in June, NPLs saw a reduction of €95 million.
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Tabakovic: Serbia's banking sector stable, highly liquid and profitable
BELGRADE - National Bank of Serbia (NBS) Governor Jorgovanka Tabakovic says Serbia's banking sector is stable, highly liquid and profitable.
Turkish banks’ asset quality risks manageable: BofA
Recovery in the Turkish banking system's core spreads and an improved fee base will continue to support revenues, the Bank of America (BofA) has said in a recent report, adding that it sees asset quality risks as manageable.
"Normalization" is probably the best word to describe the ongoing dynamics in the Turkish banking system, the authors of the report said.
Nicosia eases pressure on bad debtors
Τhe Cypriot cabinet on Wednesday approved the "Rent vs Installment Scheme," government spokesperson Konstantinos Letymbiotis announced following the conclusion of the council. The European Commission's Directorate-General for Competition also granted approval on July 6.
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New Cyprus court for foreclosures
The groundwork for the establishment of a specialized jurisdiction court in Cyprus, which will exclusively handle issues related to primary residence foreclosures, will be laid on Thursday.
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Cypriot NPLs show growth in January
Nonperforming loans in Cyprus rose by 12.8 million euros in January 2023 compared with December 2022, amounting to €2.32 billion or 9.5% of total loans.
According to data released on Thursday by the Central Bank of Cyprus (CBC), total loans in January 2023 amounted to €24.3 billion, €24.36 billion lower than in December 2022. Provisions against NPLs amounted to 47.2% in January 2023.
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