NPLs fell by €3.86 billion in 2020
Non-performing loans (NPLs) in the Cyprus banking system dropped to €5.11 billion at the end of 2020; a fall of €3.86 billion compared to the same period of 2019, according to data published the Cyprus Central Bank.
The annual drop of 43% is attributed mainly to the sale of a NPL portfolio by the Bank of Cyprus (project Helix 2A €0.91 billion)), a €0.5 billion write-down by the Hellenic Bank and the sale of NPLs amounting to €0.32 billion by National Bank of Greece Cyprus bank.
In 2020 the number of new NPLs was small...
Click to view: Cyprus Vaccination News - Live
Article automatically added to our system on Saturday, April 10, 2021
Contents of this article including associated images are © CyprusPropertyNews 2024
Views & opinions expressed are those of the author and/or CyprusPropertyNews .
You may also like the following pages:
More from CyprusPropertyNews | Latest News | Trending News | Local News | Weather | Webcams | Restaurants | Flights
Article Tags:
#billion