Central bank asks banks to restructure based on performance indicators

By Stelios Orphandies

The Central Bank of Cyprus instructed banks to submit on a quarterly basis information on the progress in their restructurings of loans in arrears based on target indicators it set aiming at helping banks decrease their 90 days past due exposures and prevent 30 days past due from increasing.

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.