NPLs drop to below €20bn in March, CBC says

12-7-2018 Business Mail BusinessMail Warmer

NPLs drop to below €20bn in March, CBC says

By Stelios Orphanides

Non-performing loans in the Cypriot banking system fell in March by almost €2.1bn to €19.9bn in a month, which is the lowest since December 2014, the Central Bank of Cyprus said.

The non-performing loans ratio in the system fell in March from 45.3 per cent in February and 46 per cent in March 2017, to 43 per cent which is also the lowest rate since the introduction of the current classification methodology which also provides for a minimum 12-month probation period for restructured facilities, the central bank said in a statement on its website...

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