NPLs down by €388m in September to 44%, central bank says

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NPLs down by €388m in September to 44%, central...
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By Stelios Orphanides

Non-performing loans in the Cypriot banking system fell by €388.4m in September to €21.5bn compared to August mainly on reduced corporate delinquent loans, the Central Bank of Cyprus said.

The amount of corporate loans classified as non-performing in September fell in September by €283.3m to €9.6bn mainly on a €194.9m reduction of bad loans of small and medium size enterprises (SME), the central bank said in a statement on its website on Tuesday. Household non-performing loans fell by €131.4m to €11.3bn. Those of other financial corporations rose by €28.2m to...


NPLs down by €388m in September to 44%, central bank says


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