Competition for Sale of Non-Performing Loans by HFO
July 17, 2026
The Housing Finance Organization (HFO) has begun procedures for the sale of its first portfolio of non-performing loans in Cyprus. The sale is expected to take place by the end of 2027 or the beginning of 2028, with a total amount of 135 million euros in loans. A competition for appointing a consultancy firm has already been announced, aimed at providing legal, tax, and other specialized services. The estimated value of the contract is 1.3 million euros, with a duration of 20 months. The sales process involves loans with delays of up to 96 installments.