President Loizos Papacharalambous also announced that for the first time HFC will launch an advertising campaign for its new lending rates.

“The lending rates will be very attractive to help people get  a house… the same low interest rates will also apply for energy upgrade and house renovation,” he said.

At the same time, a total of 245 loans amounting to €9.9 million have been restructured during the first two months of 2016, he also said.

The bank’s non-performing loans reached €300 million or 40% of the total loans.

In the first two months of 2016 deposits in the bank amounted to €890 million and loans to €726 million.

Source: InCyprus