CBC frees more capital, urges banks to consider instalment suspension for nine months
The Central Bank of Cyprus decided to relax loan origination rules while it freed an additional capital amounting to €100 million, bringing the total capital buffer to €1.4 billion, in a bid to encourage banks to continue lending and show a more flexible stance to business and households affected by the coronavirus epidemic.
The Bank also urged commercial banks to show more flexibility in dealing with borrowers affected by the epidemic, offering restructurings that include suspension of instalments on capital, interest or both for a period of nine months.
(CNA)
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The Bank also urged commercial banks to show more flexibility in dealing with borrowers affected by the epidemic, offering restructurings that include suspension of instalments on capital, interest or both for a period of nine months.
(CNA)
*The full text of the news item is available in the paid version of the CNA web service. Subscription Form
*CNA reserves the copyright to the news stories it files, which is granted to subscribers for specific use only.
from Cyprus News Agency
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