NPLs in Cyprus banking system decline below €9 billion

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NPLs in Cyprus banking system decline below €9...
 © CyprusMail 2020
Non-performing loans (NPLs) in the Cypriot banking system declined to €8.97 billion at the end of 2019, with the NPL rate amounting to 27.9 per cent of total loans.

According to data released by the Central Bank of Cyprus (CBC) NPLs in end-December 2019 marked a reduction of €561 million compared with end-September 2019 or 5.9 per cent.

Furthermore, the coverage ratio rose slightly to 53.5 per cent from 52.4 per cent in the end of September.

Moreover, since the end of 2014, NPLs in the Cyprus banking system marked a reduction of €18.4 billion...


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NPLs in Cyprus banking system decline below €9 billion


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