Mediation for restructuring loans
Sort up by law to sort out complaints, we are completely independent.
Our job is to resolve out of Court individual disputes between banks and viable creditors.
We facilitate the process with the aim to reach into an agreement between the bank and the viable creditor.
We do not impose solutions.
By law we are dealing with cases:
Physical and legal entities with Credit up to Euro 350,000 and house under mortgage that it is used as the primary residence of the owner.
For Limited Liability Companies which their turnover does not exceed Euro 250,000 per year or other legal entities with net assets not exceeding Euro 250,000.
We take action after the complaint is properly made in the office of the financial obundsman in Cyprus.