Central Bank extends loan repayment holiday until June

11-1-2021 Financial Mirror FinancialMirror Cool

Central Bank extends loan repayment holiday...

The Central Bank of Cyprus has approved a new loan repayment moratorium until the end of June to mitigate the impact of a new three-week lockdown to prevent the spread of COVID-19.

The new payment holiday, also approved by the Cabinet, is extended to borrowers who did not utilize the 2020 payment holiday that ended in December as well as those who obtained a moratorium but didn’t utilize the nine-month duration.

Eligible borrowers are those who had arrears of less than 30 days at the end of December.

In a statement, the CBC said: “The loan...

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This article was automatically added to our system 11-1-2021

Central Bank extends loan repayment holiday until June

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