Despite the commendable economic progress and subsequent recovery secured in Cyprus since the island’s banking sector all but collapse in March of 2013, the country’s inordinately high levels of non-performing loans remain a significant obstacle to future sustainable growth.
In the context of the State’s targeted efforts to ensure the resolution of this issue, President Nicos Anastasiades hosted a meeting between representatives of State, the Bank of Cyprus, Hellenic Bank and the Cooperative sector at the Presidential Palace on Thursday to discuss methods by which the restructuring of bad loans may be completed more efficiently.
In the context of the State’s targeted efforts to ensure the resolution of this issue, President Nicos Anastasiades hosted a meeting between representatives of State, the Bank of Cyprus, Hellenic Bank and the Cooperative sector at the Presidential Palace on Thursday to discuss methods by which the restructuring of bad loans may be completed more efficiently.