#loan

A Nicosia court ruled on Tuesday against the state-owned Housing Finance Corporation (HFC) for including unfair terms in its loan agreements with consumers, in breach of Cyprus’ consumer protection laws. ...

Approval just takes too long, developers tell buyers seeking competitive loans from the Housing Finance Corporation The state-owned Housing Finance Corporation (HFC, better known in Greek as Οργανισμός Χρηματοδοτήσεως Στέγης) was seen as ...

The mortgage to rent (MtR) scheme for vulnerable lenders will come into effect on December 4, finance ministry permanent secretary George Panteli said on Friday, presenting the scheme at a press ...

The state-owned Housing Finance Corporation (HFC) will be able to buy performing loans and sell its non-performing loans like any other bank, under a law passed by the House on ...

Cyprus has received a loan of over €350 million from the European Investment Bank (EIB) to boost social cohesion, Finance Minister Makis Keravnos said on Wednesday. The loan of €369 million is ...

Commercial banks have so far offered insufficient support amid interest rate hikes, the House commerce committee heard on Tuesday. During a session focusing on the issues caused by the European ...

Applications for the new mortgage to rent scheme will be accepted starting October, the finance ministry said on Thursday, a day after the scheme was given the nod of approval ...

Demand for loans from businesses and individuals alike declined during the first quarter of the year as banks tightened up their lending criteria and raised interest rates, according to a ...

The Central Bank of Cyprus (CBC) this week released an updated report indicating a significant reduction in non-performing loans (NPLs) by €105 million, a drop of 4.6 per cent of the total ...

The Central Bank of Cyprus (CBC) reported this week that its January 2023 Bank Loan Survey had recorded stricter lending criteria for all categories of loans, resulting in reduced supply and ...

MPs on Tuesday urged the government to do something about rising interest rates, particularly to shield vulnerable borrowers and prevent bad loans from proliferating – although none had a clear idea ...

The Association for the Protection of Borrowers (Syprodat) this week said that the new government should engage in dialogue with Cypriot banks in order to resolve the issue of non-performing ...

The total number of loan restructurings in Cyprus appears to have decelerated in 2022, after their sudden and sharp increase in 2021 due to the adverse economic effects of the coronavirus pandemic, ...

Bankers failed to make use of idle cash and help create a healthy, equitable economy The activities and performance of Cyprus banks during the Anastasiades administration shows that they have ...

Consulting, assurance, and tax advisory firm EY Cyprus has released the latest edition of its Cyprus Tax Facts guide, which takes into account the most up-to-date legislative changes for 2023. “As ...

The Central Bank of Cyprus (CBC) on Wednesday published a report detailing interest rate statistics concerning Cypriot banks, including for deposits and loans of eurozone residents in euros, as well ...

President Nicos Anastasiades on Friday referred the amended foreclosure law back to parliament on Friday, after lawmakers on November 10 passed the law to suspend the sale of mortgaged property until ...

Police have identified some cases where potential criminal offences may have been committed in the granting of loans by the now-defunct cooperative bank, plus other cases involving suspect loan write-offs, ...

Finance Minister Constantinos Petrides warned on Monday that “tectonic shifts are underway” as he warned that the days of cheap energy and cheap money are over. Petrides made the comments ...

The island’s largest lender said Thursday it has no banking operations in either Russia or Ukraine, having wound down its business there years ago. In a statement released through ...

The Cyprus Deputy Ministry of Shipping announced on Friday the expiration of the deadline for the submission of tenders to establish a passenger maritime link between Cyprus and Greece, as ...

Loan restructurings in the Cypriot banking system edged close to €2 billion in the first ten months of 2021, marking the highest figure according to Central Bank of Cyprus (CBC) records which ...

Loan restructuring jumped 400 per cent year-on-year in the first half of 2021, after the expiration of an installment moratorium due to Covid, Central Bank Governor Constantinos Herodotou said on Monday. Herodotou ...

The interest rate on consumer credit registered a decline to 3.03 per cent in July compared with 3.14 per cent in the previous month, the central bank said on Wednesday. However, the ...