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New loans for homes reach record high

Net new loans for house purchasing rose to €114 million in June, reaching a new all-time monthly record since...

Less than 1 in 5 Estia applications approved

The Ministry of Finance has released the provisional results of its Estia housing loan subsidy scheme. From the 4,374 completed...

Bad bank would reduce debt mountain

Economists have welcomed the idea of creating a state-owned bad bank to help the banking system offload toxic loans...

NAMA Mia! Here We Go Again (reprised)

The Cyprus government is looking to establish a 'bad bank' or NAMA (National Asset Management Agency) by transforming the...

Plans to create ‘bad bank’ for non-performing loans

The government has set in motion plans to create a 'bad bank' to relieve the Cyprus banking system of...

Cash-rich banks stockpiling real estate

Cash-rich banks are stockpiling properties as they turn to buy real estate linked to mortgages of defaulted borrowers as banking institutions dominate the property market.

Banks to offload €4 billion NPLs

The Bank of Cyprus and the Hellenic Bank will sell non-performing loans (NPLs) worth €4 billion by the end of February enabling them to dispose of more than 10% of their problematic loans.

Estia applicants hit 50% of eligible borrowers

Applications for the Estia programme, which aims to assist home owners with non-performing mortgages by providing government support, have been submitted by more than 50 percent of those eligible.

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