Hoteliers urge parties to support state-backed loans for business
The hoteliers’ association (Pasyxe) urged political parties on Friday to back a government bill for state-backed loans to businesses, which would help boost liquidity amid...
loans
Total new loans, bounced cheques fall
Total new loans issued by banks in November came to €263.3 million, compared to €281.4 million in the previous month, according to data released on...
MPs extend freeze on foreclosures until next March
The House on Thursday passed an amendment to the law extending a freeze on property foreclosures until the end of March 2021. The foreclosures to...
MPs urge banks to be lenient with stricken SMEs
MPs urged banks on Tuesday to show sensitivity towards stricken small and medium businesses (SME), as lenders show reluctance to lend money amid the coronavirus...
Finance ministry warns against any more changes to foreclosure processes
Any extension of the freezing of foreclosures until the end of the year or beyond, would bring potential negative effects and disproportionate costs to both...
Fitch says Cyprus’ NPEs likely to increase due to Covid-19 shock
Fitch ratings agency has affirmed Cyprus’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-‘ with a Stable Outlook. According to Fitch, Cyprus’ rating balances its...
PEP probe still stuck in second gear
An ad hoc parliamentary committee looking into bank loans made to Politically Exposed Persons (PEPs) was on Monday still stuck in second gear, sorting out...
Banks ‘unlikely to extend moratorium’ on loan repayments
The possibility of banks extending a moratorium on loan repayment beyond the end of the year is not likely, a senior banker said on Friday....
Business loans drop, mortgages and consumer loans increase in July
New business loans in Cyprus recorded a drop in July this year compared to June while consumer loans and housing loans increased. At the same...
House votes to accept president’s referral of PEP list
With a majority vote, parliament voted on Friday to accept the president’s referral back to lawmakers on the decision to publish the controversial list containing...
