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Bad bank would reduce debt mountain - Cyprus Property News

Bad bank would reduce debt mountain February 15, 2021 Economists have welcomed the idea of creating a state-owned bad bank to help the banking system offload toxic loans to focus on supporting a battered economy post-pandemic. Bank of Cyprus Financial Research director Ioannis Tirkides told the Financial Mirror, there is no better time to table such an idea as the Cypriot economy is going through a crisis which, inevitably, will create more unserviceable debt. โ€œThe Cypriot economy was already...
Anna Theologou Ioannis Tirkides Sofronis Clerides Cyprus Asset Management Company University Of Cyprus Cyprus Financial Research

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