News Column

Troubled banks under scrutiny

July 16, 2014



NICOSIA: A delegation from the troika of international lenders yesterday began its fifth assessment of Cyprus's economy and troubled banking system, focusing on the threat of bad loans.

Some 45 percent of all loans at Cypriot banks are classified as non-performing - e27.1 billion (R394bn) from total lending of e60bn, according to Cyprus |Central Bank figures.

Non-performing loans repre-sent 43 percent of bank loans.

Cape Argus


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Cape Argus (South Africa)


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters