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Cyprus News Agency: News in English, 16-10-19

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <http://www.cyna.org.cy>


CONTENTS

  • [01] Banks exceed certain restructuring targets, fall short of others

  • [01] Banks exceed certain restructuring targets, fall short of others

    CNA - Cyprus/NICOSIA 19/10/2016 19:11

    The Central Bank of Cyprus has found that banks operating in Cyprus have over performed on a number of restructuring targets it has set them during the 2nd quarter of 2016 but under performed in others, according to a press release issued on Wednesday.

    "The overall picture is that, for the total of the banks that are subject to these restructuring targets, there is an over-performance of the target for the first indicator (proposed sustainable solutions) and a smaller over-performance for the second indicator (concluded sustainable solutions) pointing to the huge effort that is being made for the restructuring of loans presenting arrears over 90 days," the Central Bank press release says.

    Specifically, it adds, "the target for the first indicator was 14.

    (CNA)

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

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


    Cyprus News Agency: News in English Directory - Previous Article - Next Article
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