Greece sets red line over mortgage talks with lenders (Update 1)
By Renee Maltezou and Jean-Baptiste Vey Greek Prime Minister Alexis Tsipras on Friday said his country would fully meet its obligations under a multi-billion euro...
foreclosures
Some relief for ‘trapped’ owners
By Angelos Anastasiou THE government bill allowing the issue of title deeds to those who bought property from insolvent land-developers on previously mortgaged land is...
BoC says only going after rogue borrowers
By Angelos Anastasiou The Bank of Cyprus has kicked off the process of liquidating foreclosed properties, exempting – for the moment – primary residences and...
Bank of Cyprus to initiate foreclosure procedures
By Stelios Orphanides Bank of Cyprus will be likely the first lender in Cyprus to seek to foreclose collateralised real property in more than two...
Guidelines on how to restructure loans
By Elias Hazou The Debtors Association on Monday published guidelines advising borrowers of their rights and what steps they can take when being squeezed by...
The NPL challenge
Restructuring, foreclosure, insolvency or sales? By Erol Riza The various stake holders in the financial sector programme for Cyprus be that the troika, the government,...
IMF fears negative election impact on privatisations
By Jean Christou The International Monetary Fund (IMF) has expressed concern that with parliamentary elections looming next year, Cyprus could find that maintaining reform momentum...
MPs warned over changes to foreclosures (updated)
Changes to the foreclosures legislation could derail the country’s bailout programme anew, the finance ministry warned on Monday, as MPs discussed proposed amendments prepared by...
Troika thumbs up for next phase of bailout
A PERIODIC review of Cyprus’s bailout programme has been successfully concluded, the European Commission, European Central Bank and the IMF said on Wednesday, a key step for the...
Top bankers say foreclosure law will help reduce NPLs
By Stelios Orphanides The law on foreclosures of mortgaged immovable properties, passed recently by the parliament, will help bring clients to the negotiating table, top...
