Bank of Cyprus offloads more non-performing loans

Bank of Cyprus has recently sold non-performing exposures worth €33.7m to distressed debt manager APS, which is also handling Hellenic Bank’s portfolio of bad debts. According to the Cyprus News Agency, dubbed Velocity, the project concerns loans nominally worth €245m whose net value is €33.7m after BoC wrote off about 86 per cent. This is […]

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