Local
articles | 19 May 2015

Draft law on loans sales and securitisation

A Cyprus Central Bank (CBC) draft law on loan sales provides that loans could only be sold on registered companies in the Republic of Cyprus, in addition to subsidiaries of credit institutions in other EU member-states.

CBC may also intervene in the rate of disposals of immovable properties to safeguard the financial stability in the Republic, and to check in detail the natural and legal persons ‘hidden’ behind the credit acquiring companies.

At the same time, the Central Bank prepared a second draft law on loan securitisation.

Source: CNA

Cooperation Partners
  • Logo for CFA Cyprus
  • Logo for Cyprus Investment Funds Association
  • Logo for Invest Cyprus
  • Logo for Cyprus In Your Heart
  • Logo for Cyprus Chamber of Commerce and Industry
  • Logo for Cyprus International Businesses Association
  • Logo for Association of Cyprus Banks
  • Logo for Ministry of Energy, Commerce, Industry and Tourism
  • Logo for Cyprus Shipping Chamber