Loan payments suspended for 9 months

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Loan payments suspended for 9 months
 © In-Cyprus 2020
Loan payments to banks on performing loans (PLs) are now suspended until the end of the year.

Parliament approved by majority, the government’s loan payment suspension bill, with a number of amendments.

The bill calls for the suspension of all loan payments and interest on loans for individuals, the self-employed and businesses for a period of 9 months.

Loan payments are now suspended until December 31 2020.

A total of 31 MPs voted in favour and 24 against.

The moratorium on loan instalments aims to bolster households and businesses battered by the coronavirus crisis and stave...


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

Loan payments suspended for 9 months


The contents of this article including any associated images are © In-Cyprus 2020
Views & opinions expressed in this article are those of the author and/or In-Cyprus .

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