NPLs drop by €5.6 billion due to sale of CCB

Click For Larger Image & Read More
NPLs drop by €5.6 billion due to sale of CCB
 © In-Cyprus 2019
Non-performing exposures (NPEs) in the Cyprus banking system dropped to €11.02 billion in September 2018 marking a €5.6 billion reduction since end-June 2018 as Hellenic Bank acquired the performing part of the state-owned Cyprus Co-operative Bank (CCB), which has been converted to an asset management company.

According to data released by the Central Bank, total NPEs dropped from €16.6 billion in end-June to €11.02 billion marking the lowest level since the 2013 financial crisis. From the beginning of 2018 NPEs have dropped by €10 billion.

The percentage of NPEs in the...


This article was automatically added to our system 1 week ago

NPLs drop by €5.6 billion due to sale of CCB


The contents of this article including any associated images are © In-Cyprus 2019
Views & opinions expressed in this article are those of the author and/or In-Cyprus .

Advertise Here

Trending Cyprus News

Advertise Here

Article Tags: billion,

 

24hr News