Total loans in Cyprus hit record low

Total outstanding loans fell to a new low of €31.9 bln with businesses and households struggling in the wake of the pandemic, according to data released by the Central Bank of Cyprus

COVID19: Government withdraws loan guarantees scheme

Nicosia has withdrawn a scheme for €1.5 bln in state-backed borrowing for businesses following disagreements with opposition parties, which sought numerous amendments that rendered it “unenforceable”. The scheme would have essentially provided

Around 20% of ESTIA applications are valid

Cyprus’ ESTIA scheme subsidising borrowers with toxic mortgages is off to a shaky start as only one-fifth of applications submitted are expected to be approved as the large majority were filed incomplete.

Bad loans reduce slightly to €9.7 bln

Non-performing facilities in Cyprus banks recorded a slight decrease of around €1.4 mln in August 2019 compared to the previous month with total NPFs representing 29.3% of total loans. According to data

/
1 2 3 4 5