Final approval of Estia loan scheme expected in next two weeks – Cyprus Mail

The banks expected to join the scheme are Bank of Cyprus, borrower will have to pay two-thirds of the rescheduled loan every month while.

Bank of Cyprus, Hellenic Bank and state asset management company KEDIPES have 2.25b worth of loans that meet the criteria for the Estia plan. Within the week, they are expected to sign an MoU with the state agency that will be in charge of implementing Estia, so that the submission of applications can officially begin.

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For Andreas Milidonis, associate professor of finance at the University of Cyprus, the Estia scheme – expected to be rolled out next year, as it is still pending approval from the European Commission – is a dream for borrowers who can afford to repay their debt but won’t.

Cyprus is one of 28 rabies-free new countries to be included in the scheme, which will now also extend to Australia, New Zealand and the Falkland Islands. The new additions will bring the total number to 50, but quarantine regulations will remain on animals travelling from the United Sates, where rabies is endemic.

In a recent interview, outgoing Bank of Cyprus (BoC) CEO, John Hourican allowed a rare glimpse into the view from inside the board room, letting it slip that "seven is just too many for Cyprus". Secondly, the limited market is further crowded out by the two main banks. Market share data tell a story of larger firms crowding out smaller ones.

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Tuesday, July 2, 2019. NICOSIA, June 20 (Xinhua) — The long-awaited Estia scheme, which is aimed. dollars), is to be implemented in Cyprus as of next month, finance minister harris Georgiades said here on Thursday.. who can repay their loans but do not do so, expecting that at the end they will be.

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Changes to Citizenship scheme approved – Cyprus Property News .. Cyprus is ‘next property investment hotspot’, says agency. the existence of a separate registered title of the property which very much simplifies the whole process towards the final approval of the application. However.