Coronavirus: almost €1.2bn in loan installments suspended as of May 8
Up until May 8, banks had suspended some €1.19 billion in installment payments on loans, under a special scheme giving temporary financial relief to individuals...
loans
Coronavirus: Defeat after two months of haggling over loan package
After 32 attempted amendments by the opposition, the government finally snapped and withdrew the emergency bill for state-backed loans By George Psyllides What was originally...
Opposition’s rejection of state-backed loans is irresponsible
By Christos P. Panayiotides I do not belong to any political party or alliance so I can afford to be open and forthright. The essence...
Coronavirus: almost €900m in loan installments in abeyance, due at year’s end
Some €894m worth of instalments will not be paid to banks until the end of the year on close to €7.4bn in loans, as part...
Coronavirus: applications to suspend loans reach 50,000, worth €10bn, Petrides says
Requests to suspend loans under the government measures have reached 50,000 amounting to €10 billion, Finance Minister Constantinos Petrides said on Friday. In a post...
Coronavirus: over 40,000 applications for loan suspension at two main banks
Borrowers at Bank of Cyprus and Hellenic have filed over 40,000 applications for instalment suspension until the end of the year. To date, Bank of...
Coronavirus: applications for loan suspensions reach 23,000
The number of loan applications for suspension of payments for the next nine months at the island’s two largest banks has risen to 23,000, CNA...
Coronavirus: Petrides welcomes decision by banks to forego compound interest on suspended loans
Finance Minister Constantinos Petrides on Friday welcomed the announcement by the banks’ association (ACB) that they would not charge compound interest on the deferred interest...
Deposits and loans decrease in January 2020
There was a general decline in the number of deposits and loans during the first month of 2020 compared with the previous month, according to...
Banks need to step up efforts to tackle NPLs, CBC boss says
Central Bank of Cyprus (CBC) Governor Constantinos Herodotou called on Cypriot banks to step up their efforts to further reduce non-performing loans (NPL) as the...
Slight increase in new loans in Cyprus in 2019
New loans to corporations and households amounted to €3.19 billion in 2019 marking a slight annual increase attributed to large corporate credit of over €1...
NPEs in Cyprus banks down to €9.7bn in July
Non–Performing Exposures (NPEs) in Cyprus’ banking sector fell €27m to €9.68bn in July 2019, compared with the previous month, according to the latest data released...
Total deposits and loans increase in September
Total deposits and total loans recorded a net increase of €304 million and €20 million respectively in September 2019, according to the Central Bank of...
Annulment of loan agreements in Swiss francs
By George Coucounis EU law does not preclude the annulment of a loan agreement, including a mortgage loan, in CHF (Swiss francs) if the nature of...
Disy to table eight bills to incentivise loan repayments
Ruling Disy will on Friday be tabling eight bills aiming to incentivise individuals and corporations, with loans in arrears, to settle their debts. The party...
Deposits in Cyprus banks reach highest level in 11 months, loans historically low
Total deposits in Cyprus banking system reached their highest level in the past 11 months in August 2019, according to figures released by the Central...
Land registry pledges speed on Estia applications
THE land registry will not delay any procedures related to the Estia debt-relief scheme, the organisation’s head, Andreas Socratous said on Thursday. Socratous gave reassurances...
Total new loans down to €249m in July
Τotal new loans given out by Cyprus’ banks fell €90m to €249m in July 2019 compared with June’s €339.1m according to data released by the...
Georgiades reminds borrowers that Estia scheme begins Monday
Finance Minister Harris Georgiades on Sunday urged any homeowners who believe they are eligible for the debt-relief scheme Estia to submit their applications as of...
Estimates suggest 10,000 borrowers will benefit from Estia scheme
Eligible applications for the Estia debt-relief scheme are not expected to exceed 10,000, according to estimates from the labour ministry, which is involved in implementing...
