Cyprus' creditors reach staff-level agreement on bailout review

FXStreet (Córdoba) - Cypriot creditors have reached a staff-level agreement on bailout review, according to media reports.

According to Reuters, the Troika said financial situation of Cypriot banks is gradually improving and addressing the levels of non-performing loans remains the number one priority. Creditors also noted evidence the pace of debt restructuring is picking up.