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24th Oct

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Beautiful Listed House in the heart of city Semi Detached House, Nicosia
€350,000 Per month
Beautiful Listed House in the heart of city
Spacious-luxury villa in highly desirable area. Detached House, Limassol
€6,750,000
Spacious-luxury villa in highly desirable area.
3 BEDROOM WHOLE-FLOOR APARTMENT FOR SALE OR RENT Apartment, Nicosia
€430,000
3 BEDROOM WHOLE-FLOOR APARTMENT FOR SALE OR RENT
Your Dream House...On a floor! Apartment, Nicosia
€270,000
Your Dream House...On a floor!
Modern Featured 4bed under construction at Latsia	Detached House, Nicosia
€330,000
Modern Featured 4bed under construction at Latsia
Views of the sparkling blue sea beyond Detached House, Limassol
€3,210,000
Views of the sparkling blue sea beyond

Cooperative Bank explores more radical s...

Cooperative Bank explores more radical solutions to reduce NPLs, CEO says
The Cooperative Cyprus Bank (CCB) is exploring “more radical solutions” in a bid to achieve a swifter reduction of the non-performing loans (NPLs) weighing on its balance sheet, the CCB’s Chief Executive Officer Nicolas Hadjiyiannis said in an interview with the Cyprus News Agency (CNA). Hadjiyiannis acknowledged that the tool of loan restructurings alone, given the time necessary for a restructured NPL to return to the performing loan book as well as the CCB’s mainly retail loan portfolio, is not enough and so the bank is considering other solutions. “Given the process to declassify a non- performing loan, the tool of loan restructurings alone is not enough. We need to manage these loans that are in deep arrears and to find more radical solutions,” he said. The CCB’s NPLs by end-June 2017 amounted to €7.17 billion, accounting for 59 per cent of its total loan book. “We are moving towards implementing all available tools, utilising the provisions of the banks, as Cypriot banks have accumulated significant provisions to deal with the essence of the problem,” he added. Hadjiyiannis said the Cypriot banks have submitted their NPL reduction strategies to the European Central Bank, adding these plans include “a radical reduction…

1 day ago

FEATURED FOR RENT

Office, Nicosia
€5,500 Per month
Office space in Nicosia city centre
Apartment, Nicosia
€1,000 Per month
Two Bedroom Green Flat in Aglantzia
Detached House, Nicosia
€6,000 Per month
EXCEPTIONAL MULTI LEVEL VILLA FOR RENT IN GSP AREA
Office, Nicosia
€9 Per square metre
Excellent value for money modern office building
Office, Nicosia
€4,200
Exquisite modern office space in city center
Office, Nicosia
€10 Per square metre
Modern building in desirable location


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