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The Central Bank of Cyprus (CBC) Governor Constantinos Herodotou said that the interest for “Estia” scheme, the government scheme aiming to reduce the volume of bad loans in Cyprus’ banks, was disappointing and urged the banks to find ways to handle those who would might be left out. “Estia” boosts borrowers` ability to repay their loans, as the government subsidizes part of the repayment instalments of the restructured loan. Presenting the CBC`s budget to the Parliamentary Committee on Finance, Herodotou said that …
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