The total €10 billion amount of loans instalment have been cancelled by Banks due to Covi-19 Pandemic, Finance minister Konstantinos Pertides Said in his tweet.
Stated in a post on Twitter, the declarations for suspension of instalments reached approximately 50,000. The suspension of instalments was introduced at the end of March, as part of measures to mitigate the impact of the corona pandemic on the economy, and concerns borrowers who have not had delays of more than 30 days and intends to suspend instalments until the end of the year.
“Since March 30 (Date of Issuance of the Decree on the Suspension of Debts & Interests) to date, about 50,000 declarations have been submitted for a suspension of loans of approximately € 10 billion. #Cyprus # Covid_19 “, says Finance Minister said in his post.