NON-PERFORMING LOANS (NPLs) in the Cyprus banking system swelled by €317 million at the end of June 2014 compared with the previous month, despite a reduction in the total amount of loans, according to data released by the Central Bank of Cyprus on Monday.
At the end of June NPLs amounted to...
SPEAKING after a meeting with President Nicos Anastasiades on Monday morning, chairman of the bank association Giorgos Georgiou said they will convene in the afternoon to decide on certain issues relating to the bill that will be positive for bank customers.
“Commercial banks have no intention to...
ONE of the key issues facing many who bought property in Cyprus is their inability to obtain Title Deeds as corrupt developers have previously mortgaged the land on which that property was built – a fact that was ‘hidden’ from purchasers when they agreed to buy.
As any prior claims, including...
THE INLAND Revenue Department has announced that it will start sending out Immovable Property Tax notices to property owners at the end of August to pay their annual property tax imposed as part of the bailout memorandum.
A spokesman from the Inland Revenue said that owners who pay by the end of...
