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01st Apr

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FEATURED FOR SALE

Brand New 2013 Apartment, Nicosia
€180,000
Brand New 2013
Three Bedrooms Apartment in Strovolos For Sale Apartment, Nicosia
€110,000
Three Bedrooms Apartment in Strovolos For Sale
Brand New Modern  3bed near city center Apartment, Nicosia
€180,000
Brand New Modern 3bed near city center
Luxury Villa home in Dali Detached House, Nicosia
€900,000
Luxury Villa home in Dali
Beautiful luxury villa with seaviews in Limassol Detached House, Limassol
€2,220,000
Beautiful luxury villa with seaviews in Limassol
Modern three bedroom detached house Detached House, Nicosia
€350,000
Modern three bedroom detached house

Greater Restructuring Required

Greater Restructuring Required
Info: Dr. George Mountis is Managing Partner of Delfi Partners. The Central Bank of Cyprus (CBC) started releasing data on the non-performing loans (NPLs) of commercial and cooperative banks in June 2013. NPLs as a percentage of total credit facilities have continued to rise ever since. However, although they rose from 30.6% in June 2013 to almost 51% in November 2014 (latest available data), which corresponds to over €7 billion of additional non-performing debt, NPLs restructuring has been very slow; the percentage of restructured non-performing loans has not exceeded 12% during the aforementioned period (CBC, 2015). More to the point, as of late November 2014, only around 11.1% of NPLs – equating to loans worth €3.1 billion – had been restructured. As far as credit facilities to legal entities (mainly corporations) are concerned, the construction industry displays the highest restructuring rate; by the end of November, 25.3% of the sector’s NPLs had been restructured. It should be noted that construction is responsible for the highest percentage of NPLs with 78.7% of the loans granted to corporations active in the industry not being serviced. NPLs to developers and contractors that have been restructured account for over €1.4 billion, representing more than…

1 day ago

FEATURED FOR RENT

Detached House, Nicosia
€5,000 Per month
Luxurious 4+1 Bed Detached House
Office, Nicosia
€1,200 Per month
City center Office
Apartment, Nicosia
€550 Per month
MODERN LUXURY 2 BEDROOM APARTMENT FOR RENT
Apartment, Limassol
€2,000 Per month
Beachfront unique luxury apartment!
Office, Nicosia
€12 Per square metre
Prime Office space in Engomi
Apartment, Nicosia
€550 Per month
Brand New/Modern in Geri Furnished Upon Demand


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