Over 23,000 applications filed for suspension of loan payments

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Over 23,000 applications filed for suspension...
 © KNEWS 2020
More than 23,000 persons have applied to the island’s two largest banks for a suspension of loan repayments, as retail borrowers and companies are trying to preserve disposable income amid the economic activity shutdown due to the coronavirus pandemic.

The Ministry of Finance issued a decree allowing eligible borrowers, described as those who at the end of February had no arrears exceeding 30 days, to request a loan repayment suspension.

According to information gathered by CNA, applications had exceeded 11,000 by Monday at the Bank of Cyprus, the...


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Over 23,000 applications filed for suspension of loan payments


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