The ESTIA scheme has been developed in co-operation with specialized consultants and in constant consultation with the European Institutions, aiming at: a) the protection of the Primary Residency and b) the mitigation of the issue of non-performing loans in the Cypriot banking system.
Its implementation is expected to have a positive impact on the resilience of Cypriot Banks.
*The scheme will have to be finally aproved by the Directorate General for Competition.