THE GOVERNMENT is stepping in to help homeowners who are unable to repay their mortgage to commercial banks.
A Ministry of Finance official told the House Human Rights Committee that a plan is being drafted providing that homeowners who have mortgaged their first residence for up to €200,000 can...
Source: South China Morning Post
AROUND 900 applications for residency and citizenship by were filed by third-country nationals in the last two years.
The rise in permits is in response to amendments in legislation, implemented on August 2012 and May 2013, making it easier for wealthy non-EU...
THE HOUSE human rights committee on Monday discussed legislation surrounding seizing and selling people’s primary residences that authorities are expected to update with a view to reducing banks’ non-performing loans.
Lawmakers were told there were about 6,000 cases pending with land registry...
THE Bank of Cyprus new management said it feels ashamed over the bank’s past lending practices that brought Cyprus’ largest lender at the brink of collapse.
As part of the €10 billion bailout financial assistance programme for Cyprus, 47.5% of deposits over €100,000 in BoC have been...
ACCORDING to reports, the Central Bank of Cyprus has warned banks to change their attitude towards borrowers and avoid foreclosing on their primary residences in cases where they are unable to maintain their mortgage repayments.
The Central Bank has also called on banks to help borrowers rework...
