THREE banks have devised voluntary schemes for distressed borrowers who took out loans in Swiss francs, which include loan write-offs from 10 to 40 per cent, the central bank told the House finance committee on Tuesday.
According to the Central Bank’s acting Oversight Director Yiangos Demetriou,...
IMMOVABLE property tax (IPT) has been paid by some 72 per cent of taxpayers who benefited from the 20 per cent discount for those who settled their dues before the end of this month, it emerged on Friday.
The tax department said it had collected €55.5m, or 56 per cent of the amount it expected to...
Atlantica Miramare Beach hotel
SEVEN months after the Cyprus parliament passed the five laws comprising the insolvency framework, venues have been selected in each of the island’s districts where the auction of foreclosed properties will be held:
Nicosia – The GSP (Pancyprian Gymnastic...
NON-PERFORMING loans (NPLs) in the Cyprus banking system stood at €27.3 billion in September 2015 accounting for 47.8 per cent of total loans according to the latest figures from the Central Bank of Cyprus.
In December 2014 non-performing loans accounted for 47.9 per cent of total loans and it...
THE BANK of Cyprus board of directors decided to extend chief executive officer John Patrick Hourican’s contract for two more years.
The lender was commenting in a statement on the website of the Cyprus Stock Exchange website on Tuesday.
The new contract of the bank’s CEO who submitted his...
