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Cyprus Eastern Forum Index » General » Bank of Cyprus borrowers stage protest in Paphos
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Bank of Cyprus borrowers stage protest in Paphos 
Post: #1   PostPosted: Thu May 16, 2019 7:47 pm Reply with quote
Steve - SJD
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Bank of Cyprus borrowers stage protest in Paphos

Bank of Cyprus borrowers took to the streets in Paphos to protest against
property foreclosures and high service charges.

According to philenews, the protesters gathered outside a branch of the bank
and shouted chants and threw eggs against the entrance of the building.

They accused the government of “being in bed” with the banks and for
providing them with the legal tools for their practices.

They demanded the termination of property foreclosures for cases that are
protested in court.

© In-Cyprus 2019

Cheers

Steve
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Post: #2   PostPosted: Fri May 17, 2019 8:44 am Reply with quote
devil
Joined: 28 Jul 2008
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Location: Mosfiloti

 
In my book, if you borrow money, you have to pay it back, with interest. If you don't, then the collateral should be legally seized, up to the value of the debt. Perhaps I'm old-fashioned and naive.

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Post: #3   PostPosted: Fri May 17, 2019 9:02 am Reply with quote
hatzyian
Joined: 06 Aug 2007
Posts: 1089
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Location: Aradippou

 
devil wrote:
In my book, if you borrow money, you have to pay it back, with interest. If you don't, then the collateral should be legally seized, up to the value of the debt. Perhaps I'm old-fashioned and naive.


Same thought here.

When we bought our house, we worked out what I was earning, what we could pay back each month, how much deposit we had, then that was what we could afford.

Loan was with Popular bank (Laiki/BOC), and they were excellent to deal with.

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Bank of Cyprus borrowers stage protest in Paphos 
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