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Cyprus housing finance body seeks to sell €135 million NPL portfolio · Cyprus Report

Business · Cyprus

Cyprus housing finance body seeks to sell €135 million NPL portfolio

1 sourceFirst reported 1 day agoUpdated 1 day ago

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The Housing Finance Corporation (HFC) of Cyprus is seeking external advisory services to assist in the sale of a non-performing loan (NPL) portfolio valued at approximately €135 million.
The decision to sell the NPL portfolio is described by HFC management as a necessary step to strengthen the organization's financial position.
The tender for advisory services has been officially launched as part of this process.
This sale is aimed at improving the overall health of the HFC and potentially contributing to the broader financial stability in Cyprus.
The move reflects ongoing efforts within the financial sector to address issues related to non-performing loans.

Generated by AI from the 1 sources below · always verify with the originals

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All coverage (1)

Cyprus housing finance body moves to sell €135 million NPL portfolioCyprus Mail · 1 day ago

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AI summary: catch up in 20 seconds

The Housing Finance Corporation (HFC) of Cyprus is seeking external advisory services to assist in the sale of a non-performing loan (NPL) portfolio valued at approximately €135 million.
The decision to sell the NPL portfolio is described by HFC management as a necessary step to strengthen the organization's financial position.
The tender for advisory services has been officially launched as part of this process.
This sale is aimed at improving the overall health of the HFC and potentially contributing to the broader financial stability in Cyprus.
The move reflects ongoing efforts within the financial sector to address issues related to non-performing loans.

Generated by AI from the 1 sources below · always verify with the originals