As announced at the beginning of September 2015, the Central Bank of Cyprus, in its endeavour to incentivise banks to increase the volume and improve the quality of restructurings for loans presenting arrears over 90 days but also to take proactive action for the loans presenting arrears over 30 days to prevent them from becoming non-performing, has set targets for four indicators that were applied to the whole loan portfolio and to sub-portfolios (residential mortgage loans to households, other loans to households, loans to non-financial corporations with total balances of up to €1mln and loans to non-financial corporations with total balances of over €1mln) .
Under-Performance of Loan Restructuring Target
12:09 - 30 Δεκεμβριου 2015
