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23rd April 2024
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Tag: non-performing loans

Central Bank issues stark warning on foreclosures

The Central Bank of Cyprus has issued a stark warning to banks to change their attitudes towards borrowers in efforts to prevent the seizure and subsequent sale of primary residences.

Developers listed on leaked memo of risky loans

A number of property developers, including the Leptos Group, the Dolphin Group and the Shacolas Group were amongst the companies listed in an alleged leaked memo from the BoC as having 'risky' loans.

Developers are the problem says bank chairman

The Bank of Cyprus is on a frontal attack with the big property developers, as its separation into a commercial and real estate bank aims to secure billions that were injected to the real estate sector.

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