Bank of Cyprus announces measures to ease crisis impact

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Bank of Cyprus announces measures to ease...
 © CyprusMail 2020
The Bank of Cyprus announced a series of measures on Wednesday aiming to help people and organisations deal with the effects of the coronavirus crisis.

Among the 11 measures is a pledge to provide the necessary liquidity through new facilities to viable customers in a bid to secure their viability when the country comes out of the crisis.

“The first objective is to safeguard employment,” the lender said in a statement.

As regards the nine-month instalment suspension, the bank said it would not ask customers to pay the interest immediately at the end of the year.

The loan will be...

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This article was automatically added to our system 1-4-2020

Bank of Cyprus announces measures to ease crisis impact

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