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Next Restructuring issues discussed by the Association of Banks and SYPRODAT HOME • INSIDER • CYPRUS • Issues of restructuring discussed by the Association of Banks and SYPRODAT
& nbsp & nbspInsider/ΚΥΠΕ & nbsp; & nbsp;
Issues of restructuring and the behavior of the employees of the Banks, the Investment Funds and the Management Companies, towards the Borrowers, were discussed on Tuesday in the meeting that the General Manager of the Banking Association of Cyprus Michalis Kammas had with the President of SYRO .
As mentioned in today's announcement of SYPRODAT, during the & nbsp; meeting the issue of restructuring was mainly discussed, in combination with the necessity of the removal of the Over-Debts, which usually leads to debt sustainability of the Borrowers. This, in turn, leads to the avoidance of divestitures and contributes to the refinancing of businesses with a beneficial impact on the economy. in the Cypriot economy, ie the increase in the prices of all goods and consequently the services, inflation and & nbsp; the effects they have on the income potential of the Borrowers, which is decreasing. This event, it is noted, will lead to the increase of Non-performing Loans.
The meeting, the announcement concludes, was held in a constructive atmosphere and it was agreed to maintain continuous and close communication in order to resolve any problems that arise between the Bank and Borrower when handling Non-performing Loans.
