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The Government, banks and credit acquiring companies signed on Friday at the Ministry of Finance memoranda of understanding for the implementation of the “Estia” scheme aiming to assist borrowers with non-performing loans collateralised with primary residences to repay their loans. Finance Minister Harris Georgiades said that the signing of the memoranda marks a very important step towards tackling the problem of non-performing loans (NPLs) in Cyprus and warned the Parliament that the Government would not agree to rushed amendments to the …
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