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26th April 2024
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Yearly Archives: 2015

News

Central Bank blasted on FX loans

Andria Kades -
The Central Bank of Cyprus has been blasted by the Borrowers Association accusing it of not regulating the banks correctly when they were granting loans in Swiss francs and other foreign currencies.
News

Banks to take hit on Swiss Franc loans?

Nigel Howarth -
The majority of the House Finance Committee wants the Cyprus banks to take a hit of around €170 million on €1 billion of Swiss Franc housing loans despite objections raised by the Cyprus Central Bank.
News

Property sales up 3 per cent

Nigel Howarth -
The number of property sales in Cyprus during September rose 3 per cent compared with the numbers sold in September 2014 according to official statistics published by the Department of Lands and Surveys.
News

Cyprus property prices rising

Nigel Howarth -
House prices in Cyprus rose during the second quarter of 2015 according to figures published earlier today by Eurostat, the statistical office of the European Union, contradicting both recent reports by the Cyprus Central Bank and RICS (Cyprus).
News

CHF loans: Another banking scandal?

George Mountis BSc, MSc, Ph.D -
Approximately 11,000 borrowers were granted loans denominated in Swiss francs (CHF) by banks in Cyprus and the billion Euro question is whether the banks communicated the risks.
News

Urgent action needed to save Pissouri homes

Evie Andreou -
The House Interior committee has called on the Limassol District Office to take immediate action to deal with the land slippage in the Limnes area of Pissouri that is affecting 60 homes.

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