Download AMAN Application from Apple store and Google play                                Follow us on : Twitter - Facebook - YouTube - Instagram

STATUTES GENERAL ASSEMBLY SECRETARY GENERAL CONTACTS Follow us on Twitter Follow us on Facebook Follow us on Instagram
Daily News
MedNEWS HOME
ATA - RETRO event in Korça/A collection of old cars, an attraction of tourists
TIRANA, August 22/ATA/-The RETRO car exhibition in Korça, where collectors have showcased their historical cars, has created a fantastic atmosphere...
NNA - آشلي بولانكو عيسى من الدومينيكان تتربع على عرش الاغتراب لعام 2019
وطنية - توجت ملكة جمال المغتربين اللبنانيين في جمهورية الدومينيكان آشلي بولانكو موديلو عيسى ملكة جمال المغتربين اللبنانيين للعام 2019، وحلت ملكة جمال المغتربين اللبنانيين في كندا مايسي يعقوب...
ATA - Albanian feature film 'Open Door' premiered in main competition of Sarajevo Film Festival
TIRANA,Aug 22/ATA/–Albanian feature film “Open Door” by the young filmmaker Florenc Papa will be screened in the main competition of...
NNA - اختتام الملتقى الكشفي العربي للاعلامي الصغير
وطنية - اختتم "الملتقى الكشفي العربي الرابع للاعلامي الصغير" اعماله اليوم، برعاية وحضور وزير الشؤون الاجتماعية الدكتور ريشار قيومجيان، والذي نظمه الاقليم الكشفي العربي في المنظمة الكشفية العالمية بالتعاون مع...
ATA - Exports to Spain increased 42% in July this year
TIRANA,Aug22/ATA/-Albania has significantly increased exports with Spain during July this year, compared to July 2018.
According to INSTAT, exports of Albanian...
NNA - فكار اغترابية أوستراليا ونادي الشرق كرموا أدباء وشعراء ممثل
وطنية - نظم "نادي الشرق لحوار الحضارات" احتفالا تكريميا لأدباء وشعراء، مقيمين ومغتربين، أقامته "أفكار اغترابية للادب الراقي - أوستراليا" بعنوان "مبدعون من بلادي"، في مناسبة زيارة وفد اغترابي للبنان...
ATA - Number of foreigners living and working in Albania is up 9,7%
TIRANA, Aug 22 /ATA/- Over 14 thousand foreigners have chosen to live and work in Albania.
Statistics Institute published Thursday the...
NNA - لبنان ثالثا في بطولة غرب آسيا لكرة الطاولة
وطنية - شارك لبنان في بطولة غرب آسيا لفرق كرة الطاولة التي أقيمت في العاصمة الأردنية بكافة فئات الفرق المعتمدة إضافة إلى دول سوريا، الأردن، البحرين، الإمارات العربية المتحدة، السعودية...
Lusa - Business News - Portugal: Ryanair 'must observe labour, strike law' during stoppage - government
Lisbon, Aug.23,2019 (Lusa)–Portugal’s government said on Friday that Ireland-based airline Ryanair is not exempt "from having to comply with the...
Lusa - Business News - Mozambique: Government invites Ematum bondholders to accept debt restructuring
Maputo, Aug. 23, 2019 (Lusa) – Mozambique’s government announced on Friday that it would be inviting the bearers of Eurobonds...
Lusa - Business News - Portugal: PSI20 closes Friday down 1.33%
Lisbon, Aug.23,2019 (Lusa)-The Lisbon Stock Exchange ended Friday’s session with a decline in the PSI20 index of 1.33% to 4,792.47...
CNA - اطلاق موقع الكتروني للأعمال الفنية المفقودة منذ الغزو التركي 1974
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
تم اليوم إطلاق موقع إلكتروني للأعمال الفنية القبرصية المفقودة منذ عام 1974، في محاولة لتحديدها وإعادتها إلى أصحابها الشرعيين. ...
Lusa - Business News - Macau: GDP declines 2.5% in H1, 2019
Macau, China, Aug. 23, 2019 (Lusa) - The Macau government admitted on Friday that the territory's economy may continue to...
CNA - السلطات القبرصية تؤكد ظهور حالة أخرى من فيروس غرب النيل وأخرى قيد التحقق
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
قالت اليزابيث قسطنتينو المسؤولة الكبيرة في وزارة الصحة أنه لا يزال هناك أربعة أشخاص يتلقون العلاج في قبرص بسبب فيروس...
Lusa - Business News - Mozambique: Japan loans €40.6M for maintenance of Maputo electricity plant
Maputo, Aug. 23,2019(Lusa)-Japan lent the equivalent of €40.6 million to Mozambique on Friday for maintenance and management of the Maputo...
CNA - المتحدث الرسمي باسم الحكومة: تصريحات اردوغان حول قبرص تعكر الأجواء
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
قال المتحدث الرسمي باسم الحكومة برودروموس برودرومو أن التصريحات التي أدلى بها الرئيس التركي رجب طيب اردوغان بشأن القضية القبرصية، "أدت...
CNA - وزارة الداخلية تمول مشاريع صغيرة مدروسة للإدارات المحلية في الجزيرة
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
صرح وزير الداخلية قسطنطين بيتريدس أنه سيتم توزيع 4.7 مليون يورو على 103 بلدية وإدارة محلية في جميع أنحاء قبرص...
Lusa - Business News - East Timor: Veteran journalists call on new generation to work for development
Dili, Aug. 23, 2019 (Lusa) – Two East Timor journalists who 20 years ago played a role in the process...
Lusa - Business News - East Timor: Veteran journalists call on new generation to work for development
Dili, Aug. 23, 2019 (Lusa) – Two East Timor journalists who 20 years ago played a role in the process...
Lusa - Business News - Mozambique: US bank to provide €4.5B for natural gas projects
Washington, Aug. 23, 2019 (Lusa) - The US Export and Import Bank (EXIM) is to propose to the US Congress...
Lusa - Business News - Portugal: PSI20 opens 0.23% up at 4,867.41 points
Lisbon, Aug. 23, 2019 (Lusa) – The Lisbon stock exchange opened in positive territory on Monday with the main benchmark...
Lusa - Business News - Portugal: Top headlines on Friday
Lisbon, Aug. 23, 2019 (Lusa) – The fall-out from the last truckers’ strike and the planning against another one are...
CNA - NPFs drop by 6.7% at the end of 2018




CNA - ΝICOSIA - Non performing facilities at end-December 2018 dropped by €743 million or 6.7% to €10.27 billion compared with September 2018, figures released on Monday by the Central Bank (CBC) showed.

As a result, the ratio of NPFs to total facilities fell to 30.3% at the end of 2018 from 31.8% in September 2018. The coverage ratio decreased to 50.9% in the last month of 2018 from 51.9% at the end of September 2018.

The Central Bank said that total facilities declined by €760 million or 2.2% from €34.652 million at end-September 2018 to €33.892 million at the end of December 2018.

It added that between 31.12.2014-31.12.2018, NPFs dropped by €17 billion or 62.4%.

“The downward trend in NPFs can be attributed to the transfer of the non-performing loan portfolio of the Cyprus Cooperative Bank to the Cyprus Asset Management Company (CAMC), the sale of loans, the reclassification of loans as debt instruments held for sale as well as loans which have been successfully restructured and reclassified as performing at the end of the probation period, loan write-offs, loan repayments and debt-to-asset swaps”, said the CBC.

“The analysis of additional data collected by the CBC with respect to fixed-term loans shows that there has been an improvement in the factors contributing to the reduction of NPFs e.g. collections on restructured facilities and amounts transferred to performing facilities due to successful completion of restructurings by the end of the observance period”, it noted.

The CBC pointed out that the reduction in NPFs is also due to the rise in loan write-offs, which take place in the context of restructurings and usually concern amounts that already form part of credit institutions’ loan loss provisions. However, non-contractual or "accounting" set-offs are also made against amounts already provided aimed at a more representative depiction of loan portfolios, it added.

As regards repayments of NPFs through settlements that involve or include acquisition of real estate/shares against debt by credit institutions, the CBC noted that these are mainly implemented in the case of large corporate entities and of households.


Furthermore, it said that restructured facilities presented a net reduction of €660 million at the end of 2018 compared with the ninth month of the year. Total restructured facilities at end-December 2018 amounted to €6.659 million, of which €4.623 million remain classified as NPFs, partly due to the definition of NPFs, based on which when an NPF is restructured it remains under observation within the NPF category for a further period of at least 12 months.

CNA/KD/GV/2019
ENDS, CYPRUS NEWS AGENCY

________________________________________

Cyprus News Agency, 21 Academias Avenue, 2107 Aglantzia, Nicosia
Tel. 22556000, Fax. 22556100, email:news@cna.org.cy, website: www.cna.org.cy


Agency : CNA

Date : 2019-04-23 10:36:44







 

Copyright © Alliance of Mediterranean News Agencies 2017