Consultations between the Central Bank of Cyprus and the island’s Troika of international lenders regarding the sale of loan portfolios are soon to conclude, local media sources have reported.
The finalization of this issue will constitute the fulfillment of a prior measure, necessary for the completion of the island’s economic programme.
The law on loan sales was approved by Parliament in November 2015, following which representatives of the Central Bank of Cyprus and the Troika delegation embarked on detailed discussions regarding the particulars of the legislation.
