NPLs in the Cyprus banking system down by €132 million in July

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NPLs in the Cyprus banking system down by €132...
 © In-Cyprus 2021
Non- Performing Loans (NPLs) in the Cyprus banking system dropped by €132 million continuing their downward trajectory, assisted by disposals as well as the debt repayment moratorium in place since March until end-December, as part of the measures to tackle the impact of the coronavirus pandemic.

According to data released by the Central Bank of Cyprus (CBC) on Friday, total NPLs in end-July declined to €6.57 billion representing 22% of total loans compared with €6.7 bl in the previous month. From the beginning of the year, NPLs marked a drop of €2,4 bl, mainly attributed to the sale of an NPL portfolio...


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This article was automatically added to our system 27-11-2020

NPLs in the Cyprus banking system down by €132 million in July


The contents of this article including any associated images are © In-Cyprus 2021
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Article Tags: cyprus, banking, system, million,