No sign banks are gaming subsidised interest rates MPs told

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No sign banks are gaming subsidised interest...
 © CyprusMail 2020
Lawmakers on Monday appeared mostly satisfied with answers they got from both the government and banks regarding complaints that certain lenders sought to fleece borrowers eligible for the special interest-rate subsidy scheme.

In late June the government rolled out a scheme where the state will subsidise the interest rate on new housing loans (self-occupied residences), and another subsidising interest rates on business loans.

The plan covers loans approved from March 1, 2020 to December 31, 2020.

On the home loans, the loan amount whose...


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No sign banks are gaming subsidised interest rates MPs told


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Article Tags: banks, gaming, subsidised, interest, rates,