Central Bank approves new loan repayment holiday lasting till June’s end

10-1-2021 In-Cyprus In-Cyprus Cool

Central Bank approves new loan repayment...

The Central Bank of Cyprus has approved a new loan repayment moratorium to last till June’s end because of the covid-19 pandemic’s consequences on the economy at large.

The new payment holiday was also approved by the Council of Ministers as part of support package to mitigate the impact of a new three-week lockdown in Cyprus.

It is extended to borrowers who did not utilize the 2020 payment holiday which ended in December 2020 as well as to borrowers who obtained a moratorium but didn’t utilize the nine-month duration.

“With a view to alleviating this impact on businesses,...

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This article was automatically added to our system 10-1-2021

Central Bank approves new loan repayment holiday lasting till June’s end

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