Co-ops consider reduction of interest rates on home loans

The Cyprus Cooperative sector is considering a reduction in interest rates on home loans, its Chairman said recently.

The Coop has recently announced rate cuts in student and agricultural loans.

"We are waiting to see the result of our recent actions relatedto students and agricultural loans", Cooperative Central Bank chairman Nicolas Hatziyiannis told the press, after a meeting with the heads of the Troika (EU Commission, ECB, IMF).