Government considering state guarantees to banks worth €2 billion

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Government considering state guarantees to...
 © CyprusMail 2020
The government is considering providing state guarantees to banks worth €2 billion in a bid to unlock credit to self-employed, small and medium-size businesses, and large corporations hit by the coronavirus epidemic.

The plan, which will be discussed with Cypriot lenders, provides for government guarantees to SMEs and self-employed persons amounting to €1.7bn and €300m for large corporations.

The aim , according to the Cyprus News Agency, is to provide state government guarantees with a total amount of up to €2bn to Cypriot licensed banking...


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This article was automatically added to our system 23-3-2020

Government considering state guarantees to banks worth €2 billion


The contents of this article including any associated images are © CyprusMail 2020
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Article Tags: government, considering, state, guarantees, banks, worth, billion,