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All reports tagged with: "alpha bank"

Driven to poverty by Swiss franc loan

A British woman who bought a property in Cyprus with a Swiss franc loan and who is now swamped in a mountain of debt after her partner left and the loan repayments almost quadrupled speaks to the Cyprus Mail.

Suicide victim’s widow calls for justice

The widow of a British suicide victim is calling for institutions in the UK and Cyprus to be brought to account in connection with the Cyprus property mis-selling scandal that has devastated the lives of so many.

Cyprus property buyers debate

Debating on behalf of some of his constituents who have been stung by the Cyprus property fiasco, Andrew Gwynne MP, Member for Denton and Reddish, recounted events on the floor at Westminster Hall.

Swiss Franc loan court cases in March

The first of many court cases against Cypriot banks that issued Swiss Franc loans to those buying property in Cyprus will probably be heard in March according to a report in the FTAdvisor.

Loan rate cuts are a step in the right direction – BUT

The recent announcement by the island’s ‘big three’ banks to lower interest rates are a step in the right direction, but problems remain and these rate reductions are not enough as George Mountis explains.

Big three banks announce loan rates cut

The Alpha Bank, Bank of Cyprus and the Hellenic Bank have announced plans to lower their interest rates on certain categories of loans including home loans, business loans and credit card loans.

Alpha Bank on the back foot

Alpha Bank Cyprus has written to a number of their clients offering to assist them to continue repaying their obligations to the Bank or to fully settle the loan with a significant discount.

Alpha Bank Cyprus sued in England

In what is believed to be one of the largest Collective actions ever taken against a company operating in Cyprus, litigation proceedings are issued against Alpha Bank Cyprus in the Royal Courts of Justice in London.

Restructuring Cyprus loan agreements

There is no one size fits all solution to the problems faced by those who have bought property in Cyprus with a loan denominated in Swiss Francs that is going to remedy the situation.

Robbed by property fraud

Liberal Democrat MP Andrew Stunell raised the case of a constituent who had been subject to property fraud in Cyprus following the default of Alpha Bank and has asked for a meeting about the issue.

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