According to the ministry of finance, until a legislative document regulating the sale of credit institutions
` loan portfolios is drafted, it is necessary that the amending bill is approved to put an end to the violation of the acquis communautaire and enable foreign banks in Cyprus to continue their usual activities with their parent credit institutions
and other banks abroad.
The deposits received from the public are an essential way of financing the operations of credit institutions
The in-depth restructuring plan approved today lays the foundations to transform the cooperative banking sector into viable credit institutions
servicing the Cypriot economy on a sustainable basis," he added.
The regulation of electronic money institutions as a category of credit institutions
, Romanian legal persons, started the process of implementation of their legal regime recently consecrated at the European Union level.
The specific objective of the Convention is to implement the program for the inspection "Measures identification and due diligence to the Customer - Customer Due Diligence[beaucoup plus grand que] ([beaucoup moins que]Plan[beaucoup plus grand que]) through customer files test sample of credit institutions
, always in consultation and in accordance with the instructions of the CBC staff will lead the spot checks.
Given the challenge that the implementation of such an ambitious restructuring plan represents, it is encouraging that the authorities have started to implement its first key steps, such as the merger among the cooperative credit institutions
The staff will be given a time limit to choose the plan by the end of March, when the merger of all Cooperative Credit Institutions
will be completed.
Related to the credit institutions
, Romanian legal entities, we apprehend that these are the expression of the national legal dynamics and the influence of the changes occurred at the level of the European Union's legislation in the domain.
EUR 2,570 million inflows, representing the sixth tranche of the Stand-by agreement, changes in the foreign exchange reserve requirements of the credit institutions
, inflows into the European Commission's account, inflows in the Ministry of Public Finances' accounts (including the third tranche of the loan from the European Commission), income from the management of foreign exchange reserves, a.
Total lending by credit institutions
to Irish residents rose EUR3.
Supervision of Greek credit institutions
, such as Piraeus, is the responsibility of the Supervision Department of the Bank of Greece.
act to protect and facilitate the manufacturing, trading, shipping, and tourism practices of all its members.
Contract notice: Performing with credit institutions
subject studies conducted by external experts collateral - a contract.
Central Bank of Cyprus announced Monday that credit institutions
are obliged to inform and explain adequately to borrowers experiencing financial difficulties, their rights and obligations during the procedure of management of delays and loan restructuring.
Proposed changes to Credit Institutions
Act may lead to higher interest rates, according to bank experts.