Based on the decree issued on Monday ordering all licensed banks in Cyprus to suspend the collection of loan installments, including interest, until the end of the year, the Bank of Cyprus announced the procedures for their customers to follow in order to submit their applications.

There are three types of possible applications. The first one is dedicated to individuals with pending loan installments, the second is for loans which are in the name of more than one person, all of whom must apply, and the third one is for business loans.

Customers are advised to send their completed application to [email protected]

Information about the applications will be sent to the email address provided during the application submission.

