Country Manual Credits
Cyprus – Update 2025
out of Credit Institution’s Country of Establishment (RT, BT & Def)
| Source of changes | Answers |
|---|---|
| Law / Regulation | Yes |
| New Position of the Authorities | Yes |
| Evolution of Expert’s Interpretation | Yes |
Regulatory Template, Behaviour Template and Definitions and Concepts
Material changes
While the cross-border rules for credit service generally remain the same, according to local experts, the current stance of the Central Bank of Cyprus (supervisory authorities) with regard to mortgage credit is the following:
With regard to mortgage credits for properties located in Cyprus, the Land Registry has a list of licensed institutions authorised to register mortgages on consumer immovable properties. In practice, registration of such mortgages in the Cypriot Land Registry is therefore not possible for foreign unlicensed credit institutions. Although according to the unofficial discussions, the same obstacles exist for mortgage credits to non-consumers, it seems that in practice, in the case of non-consumers, registration might occasionally be possible.
Non-material changes
Some legal bases have been updated, comments/conditions reworded and further minor changes have been made throughout the documents.
For more information, please contact us: info@brpsa.com
Geneva, June 6th 2025