Central Bank Governor urges banks to find ways to handle bad loans after “Estia” disappointing results

central-bank-governor-urges-banks-to-find-ways-to-handle-bad-loans-after-“estia”-disappointing-results
Advertisement

The Central Bank of Cyprus (CBC) Governor Constantinos Herodotou said that the interest for “Estia” scheme, the government scheme aiming to reduce the volume of bad loans in Cyprus’ banks, was disappointing and urged the banks to find ways to handle those who would might be left out. “Estia” boosts borrowers` ability to repay their loans, as the government subsidizes part of the repayment instalments of the restructured loan. Presenting the CBC`s budget to the Parliamentary Committee on Finance, Herodotou said that …

Advertisement
Advertisement
Previous articleBerlin trilateral meeting a positive step, Greek FM says
Next articleDeposits and loans down in October