Suspended loans will not be immediately payable, says CB governor

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Suspended loans will not be immediately...
 © In-Cyprus 2020
 

Central Bank Governor Constandinos Herodotou made clear that loan payments to be suspended (both housing and consumer loans) according to bill proposals that will be put to the house of parliament later today, will not be immediately payable following the end of the period of suspension as stipulated in the bills in question.

In an extensive tweet, Herodotou said he wanted to refer to certain ‘truths’, as he put it, that people should know about loan payment suspension.

As he said, the bill calls for the ‘suspension, for individuals,...


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This article was automatically added to our system 29-3-2020

Suspended loans will not be immediately payable, says CB governor


The contents of this article including any associated images are © In-Cyprus 2020
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Article Tags: suspended, loans, immediately, payable, governor,