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

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with the government now awaiting final approval from the european commission. dubbed estia, the scheme’s beneficiaries will have one-third of their monthly loan repayment subsidised by the taxpayer.

Final approval of Estia loan scheme expected in next two weeks The green light for the Estia scheme to help home owners pay off loans is expected to be given in the next couple of weeks after the legal service signed off on the contracts to be signed with finance organisations.

VII. The Banks: swollen deposits and reckless expansion. One leaked section that featured in the Cyprus Mail (Psyllides 5 April 2013). group and MIG group creates the impression that the close ties between the two groups played a significant role in the approval of those loans.".

Applications for Estia accepted from September 2. Parliament's enactment last week of a bill impacting foreclosure procedures was 'sloppy', Finance Minister.

The Deposit Guarantee and Resolution of Credit and Other Institutions Scheme The Deposit Guarantee Scheme was first established in 2000 and operates as a separate legal entity since then. The Scheme consists of three funds, the Deposit Guarantee Fund for Banks, the Deposit Guarantee Fund for cooperative credit institutions and the Resolution.

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Parliament has already approved the budget, and banks and other asset management entities will enter the scheme next month. Eligible borrowers will apply in September and the first payments are expected to be made in December, the minister said. It covers loans (mortgages) that were classed as non-performing as at September 30, 2017.

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