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Archive for May, 2012

Alpha Bank Cyprus Ltd announces interest rate cut

An announcement by the Alpha Bank appeared in today’s press advising its clients of a reduction in the default interest rate from 7th May 2012 in acknowledgement of the recession.

Do not ignore Cypriot bank writs for loan non-payment

If you receive a writ from a bank in Cyprus for the non-payment of a housing loan / mortgage or a termination notice, the worst thing you can do is bury your head in the sand in the hope that the problem will go away.

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