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All reports tagged with: "arrears"

Thirty companies owe €100m in VAT

The Greek language newspaper Politis has published the names of thirty companies who together owe the more than €100 million in VAT most of whom have challenged all or part of the debt.

Mortgage-to-rent scheme will be selective

Strict criteria will be applied to a mortgage-to-rent scheme currently being investigated as a means to enable those unable to maintain their mortgage repayments to remain in their homes rather than face its repossession.

Arrears and NPLs at unprecedented levels

For many years the banking sector in Cyprus adopted poor risk and credit management practices, dominated by asset based lending, and an overexpansion of the real estate market.

Bills to protect homeowners from eviction discussed

Two bills designed to prevent banks seizing primary residences used as collateral for non-performing loans below 300,000 Euro have been discussed by parliament’s legal affairs committee.

Bank opens dialogue in Cyprus property mis-selling

Alpha Bank Cyprus is offering a repayment moratorium to borrowers who have fallen behind on their mortgage repayments and confirmed its readiness to resolve matters in an amicable way.

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