The Central Bank of Cyprus Governor and top officials from the island’s major commercial banks have said they support the creation of an asset management company (AMC), or a 'bad bank' that would assist the banks to reduce their massive non-performing loans, which amount to €21.9 billion.
Read full articlePresident Nicos Anastasiades and Lebanese Prime Minister Saad Hariri have held “very productive, fruitful and constructive” talks, during which they discussed a number of issues, including ways to enhance bilateral relations, EU-Lebanon ties and developments in efforts to find a comprehensive settlement of the Cyprus problem.
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