Annita Dimitriou called on the Central Bank to strictly supervise both these companies and the banks
He noted that “we will wait for the recommendations of the government that asked for time credit, and if they move in the right direction, we will be ready to support them”.
The President of DISY Annita Dimitriou spoke for a strict message that must be sent to the credit acquisition companies, which must apply the code and the instructions of the Central Bank, while calling on the Central Bank to strictly supervise both these companies and the banks.
“The problems of borrowers and the proper management of Non-Performing Loans are issues that concern us and worry us. Of course, the continuous suspension of sales does not solve the issue at all,” said Mrs. Dimitriou in her statement according to a DISY announcement.
On the contrary, she added, “as the Minister of Finance and the Governor of the Central Bank, likely to cause financial instability and possibly a deterioration of the Cypriot economy”.
He noted that “we will await the proposals of the government which requested time credit, and if they are moving in the right direction, we will be ready to we will support them”.
Under the condition, of course, he clarified, “that there will also be the agreement of the Central Bank, which is the competent Authority for financial stability”.
The The President of DISY also stated that “today we must send a strict message to the credit acquisition companies”. both these companies and the banks”.
