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All reports tagged with: "banks"

Vanishing Cyprus: bank domination

In this article from his Vanishing Cyprus series, Andreas Chrysafis considers the developing banking situation and asks the question which government dares to do the right thing?

Ceiling set on value of Swiss Franc

The Swiss National Bank has set a minimum exchange rate of CHF 1.20 to the Euro and said that it will enforce this minimum rate with the utmost determination.

Foreign currency mortgages turn sour

Buyers advised to take out home loans in Swiss francs to buy property in Cyprus are struggling to repay and face repossession and ruin as exchange rate movements send their mortgage repayments soaring.

‘The end is nigh’ property firm spreads bank fears

Like thousands of others, I received an email from BuySell’s sales director advising me that that keeping cash in the bank is too risky and offering to find me a property bargain.

Power of Attorney documents – certification & validity

If a Power of Attorney document has not been legally certified in accordance with the laws of Cyprus, it may result in the mortgage of the property being declared null and void according to one of the Island’s leading law firms.

Banks say town planning bills unconstitutional

The Association of Cyprus Banks believes that some provisions in the three town planning bills currently awaiting parliamentary approval are unconstitutional and has called on the government to think again.

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