Bank of Cyprus and Hellenic Bank to sell loans worth €4 bln, Central Bank governor says

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Bank of Cyprus and Hellenic Bank will sell loans, worth €4 bln in total, according to the Governor of the Central Bank of Cyprus (CBC), Constantinos Herodotou. Herodotou briefed on Monday the House Committee on Financial and Budgetary Affairs, noting that non-performing loans (NPLs) have not changed much during the last few months. He also pointed to two major milestones, as he called the efforts by the two largest banks to sell loans from their portfolio. The move is expected by …

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