Borrowers call for halt to planned hike in bank charges
The Bank of Cyprus Borrowers Association (Syprodat) on Monday called for an immediate reaction from the central bank and from parliament over plans by the...
borrowers
EU approves €50m scheme for distressed borrowers
The European Commission has approved a €50.6m government scheme providing partial debt write-off to distressed, socially vulnerable borrowers with loans secured by primary residences, it...
Borrowers group calls for speedier justice system
The head of the Association for the Protection of Borrowers (Syprodat), Costas Melas on Wednesday called for a speedier and more effective court system in settling...
2,000 borrowers at housing finance corporation could meet Estia criteria
Some €200m in non-performing exposures (NPE) at the Housing Finance Corporation are expected to be placed under a government debt relief scheme for vulnerable homeowners,...
Disy-Diko prepare package to reward reliable borrowers
By George Psyllides RULING Disy and opposition Diko have joined forces to prepare a “social package” that will include a cut in fuel tax and...
A new reality for borrowers
‘You wouldn’t believe what kind of breaks they used to get from banks’ By Elias Hazou LOAN defaulters expecting more flexibility from debt collection agencies...
Borrowers’ group says banks piling on the pressure
The chairman of a borrowers’ protection group said that banks were piling on the pressure on non-paying customers in recent days after the parliament modernised...
Scores gather to protest against foreclosures
Brandishing placards reading ‘No home should go to the bankers’, some 250 people gathered outside the presidential palace in Nicosia on Thursday, protesting against coming...
MPs wrap discussions on leasing as an alternative to mortgages
MPs on Monday wrapped up discussion of government bills introducing leasing as an alternative method of borrowing, hoping to take the legislation to the plenum...
BoC sets up Unit to manage real estate acquired from distressed borrowers
By Gregoris Savva Bank of Cyprus has set up a Real Estate Management Unit (REMU) deploying another tool that would assist the island`s largest lender...
