No dent in construction industry’s NPLs, despite high-rises and visas

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No dent in construction industry’s NPLs,...
 © In-Cyprus 2018
Problem loans in the construction sector remains very high, despite the various incentives given to investors, ranging from granting Cypriot citizenship to foreigners, licensing the construction of high-rises, and increased movement in the real estate market.

According to the latest data from the Central Bank, at the end of the first quarter of 2018, non-performing loans in the construction sector amounted to €2.93 billion — or 66% of total loans of €4.45 billion in loans. That means that two out of three loans in the construction sector...


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No dent in construction industry’s NPLs, despite high-rises and visas


The contents of this article including any associated images are © In-Cyprus 2018
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