19 March 2020
The members of the Association of Cyprus Banks*, the State’s Asset Management Company (KEDIPES) as well as the credit acquiring company Gordian Holdings Limited suspended the estate divestment procedures (auctions) until 18/6/2020, according to their announcement.
It is worth mentioning that the decision was taken following the recommendation of the Central Bank to facilitate and protect the borrowers due to the adversities caused and/or which may be caused by the appearance of Covid-19 and its subsequent declaration by the World Health Organization as pandemic.
*The members of the Association of Cyprus Banks are the following: