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Recommendations for the acceleration of the procedures concerning the ESTIA Plan but also the elaboration of a new plan for the protection of those vulnerable borrowers who were left out of the specific plan for various reasons, addresses the Financial Commissioner Pavlos Ioannou, in yesterday's newsletter. cancel new sale.
The canceled sale promoted by the Bank of Cyprus again concerned a borrower whose objection after his rejection for participation in the ESTIA project was pending consideration. We remind you that in the recent past there has been relevant information on the issue by Mr. Ioannou, after relevant court decisions. Mr. Ioannou then announced, based on a court decision, that all the sales that were made or are being promoted while an objection is pending within the framework of the Estia plan, are in fact illegal.
The above, as mentioned in yesterday's newsletter of the Commissioner, he also mentioned to the management of Bank of Cyprus, after a relevant complaint. The bank accepted them and informed him that it would immediately cancel the planned divestitures scheduled for next August and withdraw the relevant letters it had sent.
What stands out, however, from yesterday's announcement by the Finance Commissioner is his new appeal to the State that the procedures regarding the ESTIA project be completed as soon as possible, as the pending issues continue to cause problems and his emphasis on the need to protect those vulnerable borrowers were left out of ESTIA.
Specifically, as Mr. Ioannou states, the State owes in its expression:
To proceed, without delay and as soon as possible, in the completion of its procedures Home design. Until the full examination of the objections, to take measures that do not allow the sale of a main residence, a pending relevant objection to the Estia project, “such as the relevant decision of the Nicosia District Court, which I mentioned above and which ruled that such sales ». Take all appropriate measures to protect vulnerable groups who, for whatever reason, have been left out of the plan. “Either because of the non-fulfillment of the conditions for joining it, or for all the other technical reasons why this important project failed,” he said.