Cyprus To Submit Request For Mortgage-To-Rent Scheme Aiming To Address NPLs Worth €3 Billion

09:49 - 06 Μαΐου 2022

GoldNews

Cypriot authorities plan to submit in June an official request to the European Commission for the implementation of a mortgage-to-rent scheme, aiming to address non-performing loans held by banks and credit acquiring companies which are collateralised by primary residences and mainly SME business premises with an estimated contractual value of €3 billion.

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