Non-performing loans decline to €10.14 billion
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Non-performing loans as defined by the European Banking Authority declined to €10.14 billion in March 2019, marking a reduction of €151 million compared to previous month. According to data release on Thursday by the Central Bank of Cyprus, NPLs accounted to 30.6% of total loans which in March amounted to €33.11 billion. NPLs defined by international reporting standards exhibited a smaller reduction amounting to €7.9 billion in March compared with €7.97 billion in the previous month and accounted for 24% of total loans. On a quarterly basis NPLs declined by €116 million in March compared with the fourth...
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