Almost €1.34 billion in loan instalments suspended by June 19

Suspended credit facilities at the request of borrowers on June 19 amounted to €1.34 billion increased from €1.31 billion  on June 5, according to data released Thursday by the Central Bank of Cyprus (CBC).

Under the emergency measures announced by Government to control the spread of COVID-19 in Cyprus, borrowers could apply for suspension of instalments and interest on their credit facilities.
 
Gross carrying amount of the suspended loans amounted to € 11.75 billion on June 19, from €11.44 billion on June 5, of which € 7.07 billion were related to business loans and the remaining € 4.67 billion concerned household loans.
 
In particular, according to the data concerning loans with less than 30 days of arrears in both licensed credit institutions and credit acquisition companies, from the total amount of suspended instalments, €929.5 mi

(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
Read The Rest:.cna.org.cy..