MPs struggle to implement EU directive on loans
Legislators on Monday discussed a batch of government bills which, combined, will amend current legislation on loan transfers so as to harmonise with an EU directive.
The issue concerns EU ...
Our View: Why is no one ever to blame for state’s incompetence?
A staggering 43.69 per cent of the loan portfolio of the state-owned Housing Finance Corporation is non-performing, but not a single foreclosure has been carried out. Deputies who heard this at ...
Disy MPs walk out of House bad loans meeting (Updated)
A House watchdog committee meeting scheduled to discuss the demise of the co-op bank on Thursday was marked by ruling Disy MPs walking out citing conflict of interest and the ...
Bills meant to help troubled borrowers withdrawn
Ruling Disy MP Averof Neophytou on Monday withdrew bills intended to provide tax relief to borrowers with non-performing loans, after it emerged that the proposals would achieve the opposite of ...
PEPs’ list will be published on House website if MPs vote in favour
If MPs decide at Thursday’s plenum that the list of politically exposed persons (PEP) with bad loans should be made public, it will be published on parliament’s website, ...
Ex-education minister hits back over bad loan ‘slander’
Cyprus’ ambassador to Athens, Kyriacos Kenevezos on Monday released information about his bank loans, saying they were all being serviced.
The ambassador and former education minister said in a statement ...
Finance minister to look into expanding mortgage relief scheme
Finance Minister Constantinos Petrides has been tasked by the cabinet to draft a plan aimed at borrowers who were rejected by a state-backed mortgage relief scheme after their loans had ...