NPLs, provisions spike in January, Central Bank of Cyprus says

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NPLs, provisions spike in January, Central Bank...
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By Stelios Orphanides

Non-performing loans in the Cypriot banking system rose by more than €1.5bn in January compared to the month before to €22.1bn, the highest since July last year, as a result of the introductions of new reporting standards, the Central Bank of Cyprus said.

The increase in delinquent loans in the first month of the year was mainly on a €1bn monthly increase in corporate non-performing loans to €10.2bn, a new peak since July, the central bank said in a statement on its website on Monday. Household non-performing loans rose by half as much to €11.5bn, the highest...


NPLs, provisions spike in January, Central Bank of Cyprus says


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