Non-performing loans drop by €5.6 billion due to co-op sale

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Non-performing loans drop by €5.6 billion due...
 © CyprusMail 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 Cooperative Bank, which has been converted to an asset management company.

According to data released by the Central Bank of Cyprus, 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....


This article was automatically added to our system 11-1-2019

Non-performing loans drop by €5.6 billion due to co-op sale


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