Troika Starts Cyprus' Fifth Assessment Today
Today brought Troika's fifth analysis of the Cypriot economy and banking sector, with a special emphasis on nonperforming loans, according to international reports.
As confirmed by the nation's Central Bank, 45% of its loans in total are nonperforming. Cyprus currently holds the highest amount of nonperforming loans in Europe which amounts to nearly 140% of its GDP, according to the International Monetary Fund.
This week's study will examine bank revamps, a planned national health mechanism, and ways to address nonperforming loans and home recoveries. Troika has consistently commended Cyprus for the manner in which it has administered bailout mandates.
To receive its next scheduled aid package, the country must pass the current Troika assessment. International monetary entities predict that Cyprus will overcome the recession in 2015.
(Source: www.parikiaki.com)
Related items
-
European Parliament recognizes Cypriot female victims of Turkish invasion
-
Bombshell from the findings on the "Mafia State" in Cyprus: Anastasiades and the Russian oligarch Rybolovlev in the same frame again
-
Joint naval exercise between Greece and Cyprus off Larnaca and Limassol
-
Threats from Ankara for the French military presence in Cyprus: We have the power to give the strictest response
-
Turkish radio harassment of Nikos Dendias' aircraft heading to Cyprus