The Central Bank has also called on banks to help borrowers rework their mortgages and even went as far as giving notice that there could be a haircut on non-performing loans in efforts to facilitate their repayment.
A special team of Central Bank officials has been set up to check the practice of the Bank of Cyprus before carrying out similar checks at other lenders.
A source at the Central Bank said that the thirty largest borrowers have bank debts totalling €6 billion and that priority will be given to the seizure and sale of their property.