Download AMAN Application from Apple store and Google play                                Follow us on : Twitter - Facebook - YouTube - Instagram

STATUTES GENERAL ASSEMBLY SECRETARY GENERAL CONTACTS Follow us on Twitter Follow us on Facebook Follow us on Instagram
Daily News
Lusa - Business News - Sao Tome: Portuguese navy confirms support in combating piracy
Sao Tome, July 9, 2020 (Lusa) - The captain of the Portuguese patrol ship NRP Zaire, which has been stationed...
CNA - Experts tell CNA that Cyprus’ inclusion in Belgium’s orange zone is wrong and must be protested
CNA-Nicosia- Members of Cyprus’ scientific team, professors Leontios Kostrikkis and Petros Karayiannis, have pointed out that the Republic of Cyprus...
Lusa - Business News - Portugal: Maritime police seize fishing gear, 90 kg of fish off Sao Miguel
Ponta Delgada, Azores, July 9, 2020 (Lusa) – Maritime Police of Ponta Delgada, in a joint operation with the Azores...
CNA - بوريل يؤكد على ضرورة الحوار لاستقرار منطقة البحر المتوسط
وكالة الأنباء القبرصية - بلجيكا / بروكسل - اثاناسيوس اثاناسيو
قال الممثل الأعلى للشؤون الخارجية والسياسة الأمنية في الاتحاد الأوروبي ونائب رئيس المفوضية الأوروبية جوزيب بوريل في حديثه خلال الجلسة العامة...
Lusa - Business News - Portugal: Business insolvencies rise 7.5% H1 2020 to 2,749 - Iberinform
Lisbon,July 9,2020(Lusa) - The number of insolvencies reached 559 in June, 191 more than in the same period of 2019,...
Lusa - Business News - Cabo Verde: AfDB predicts recession of up to 7% in 2020
Abidjan, July 9, 2020 (Lusa) - The African Development Bank (AfDB) has said that the Cabo Verde archipelago will face...
Lusa - Business News - Mozambique: Crisis triples financing needs to 8.2% of GDP - AfDB
Abidjan, July 9, 2020 (Lusa) - The African Development Bank (AfDB) on Thursday said that the Covid-19 pandemic has tripled...
Lusa - Business News - Guinea-Bissau: Country among five worst-prepared African countries to fight Covid-19 - AfDB
Abidjan, July 9,2020(Lusa)-The African Development Bank (AfDB) on Thursday said Guinea-Bissau to be among the five African countries most unprepared...
Lusa - Business News - Angola: African Bank forecasts inflation of 25%, recession of up to 5.3% in 2020
Abidjan, July 9, 2020 (Lusa) - The African Development Bank (AfDB) has revised downwards the outlook for Angola's economy, ...
Lusa - Business News - Sao Tome: Pandemic could cause 8.2% recession in 2020 - AfDB
Abidjan,July 9,2020(Lusa)-The African Development Bank(AfDB) on Thursday said that the effects of the Covid-19 pandemic could lead to an 8.2%...
Lusa - Business News - East Timor: Most families see food, income situation worsen during pandemic
Díli, July 9,2020 (Lusa)–The Covid-19 pandemic has impacted on the food and income situation of most Timorese families, worsening conditions...
CNA - سفير المانيا لدى قبرص يصرح أن بلاده مستعدة لإجراء مناقشات صعبة وتسويات حول القضايا الملحة التي تواجه الاتحاد الأوروبي
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
صرح سفير المانيا لدى قبرص خلال عرض أولويات بلاده التي تولت رئاسة مجلس الاتحاد الأوروبي في الأول من تموز / يوليو...
Lusa - Business News - Equatorial Guinea: Recession of 11.3% forecast for 2020 - ADB
Abidjan,July 9,2020(Lusa)-The African Development Bank(ADB) on Thursday aggravated the forecast of a sharp drop in Equatorial Guinea's economy to 11.3%...
Lusa - Business News - Portugal: Porto council to open tender for new bridge across river Douro when
Porto,July 9,2020(Lusa)–The Mayor of Porto, Rui Moreira, said that as soon as the law for the design-building tender is changed,...
Lusa - Business News - Portugal: Portable air conditioners 50% less efficient than fixed, energy labels
Lisbon,July 9,2020(Lusa)–Portable air conditioners are half as efficient as fixed ones and their labels fool consumers, warned environmentalist associations Zero...
Lusa - Business News - Portugal: Stock market opens Thursday session rising 0.31%
Lisbon,July 9,2020(Lusa)-The Lisbon Stock Exchange opened Thursday on positive ground, with the main index, the PSI20, up 0.31% to 4,490.19points....
Lusa - Business News - Portugal: Top headlines on Thursday
Lisbon,July 9,2020(Lusa)–Controversy over Mario Centeno’s nomination as governor of the central bank and the death of ex-PM Jose Socrates’ lawyer...
CNA - Suspended credit facilities in Cyprus rise to €1.19 billion on May

CNA-Nicosia-Suspended credit facilities at the request of borrowers on May 8 amounted to €1.19billion from €894 million on April 24, according to data released Monday by the Central Bank of Cyprus (CBC).

Under the emergency measures announced by Government to control the spread of COVID-19 in Cyprus, borrower could apply for suspension of installments and interest on their credit facilities.

Gross carrying amount of the suspended loans amounted to € 10.15 billion on May 8, from € 7.39 billion on April 24, of which € 5.96 billion were related to business loans and the remaining € 4.18 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 installments amounting to € 1.19 billion, €831.79 million related to corporate loans and €360.22 million to household loans.

In addition, a total of 43,632 borrowers applied for a loan suspension, of which 38,3276 were for households and 5,305 for businesses. The suspension of installments as of May 8, 2020, concerned a total of 76,057 credit facilities, of which 63,206 were related to household facilities and 12,851 business facilities.

The largest amount of corporate loans for which a suspension of installments was requested until May 8, concerned the hospitality and catering sector with a gross value of €1.59 billion and 642 borrowers. The suspended loans requested for real estate business amounted to € 1.07 billion (580 borrowers), for wholesale and retail trade € 933.3 million (1,543 borrowers) and mixed loans € 909.2 million ( 506 borrowers). The value of the loans requested for suspension in the manufacturing sector was € 378.3 million (509 borrowers).

The sector of professional, scientific and technical activities followed with a total loan value of € 288.9 million (358 borrowers), transport and storage with € 192 million (143 borrowers) and health and social services sector with € 109.4 million (121 borrowers).

According to the CBC data, in the field of education, the gross value of the loans requested for the suspension of installments until May 8 amounted to € 97.5 million (95 borrowers). The value of the loans requested for suspension of installments in the field of communication and information technology amounted to € 55.2 million (101 borrowers), while in the field of agriculture, forestry and fisheries the value of the loans amounted to € 46.1 million (102 borrowers).



Cyprus News Agency, 21 Academias Avenue, 2107 Aglantzia, Nicosia
Tel. 22556000, Fax. 22556100,, website:

Agency : CNA

Date : 2020-05-26 09:48:00


Copyright © Alliance of Mediterranean News Agencies 2017