Bank of Cyprus: caught up in protests against foreclosures

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Following protests, Bank of Cyprus has suspended an eviction order of a woman in Limassol, who owed debts totalling €80,000. The Bank of Cyprus was planning to sell the property (worth €300,000) in order to recover these debts.

The movement against foreclosures stated that the move is unacceptable, particularly as the woman in question has a pension of €500 as her only source of income for her and her family. The struggle against foreclosures, the main residence especially, continues and must continue so that we can offer a safety net to families that are in bad financial conditions because of bank crimes.