CBC says NPLs, low rates and high private debt threaten financial stability (Update-1)

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CBC says NPLs, low rates and high private debt...
 © BusinessMail 2017
(Adds more details in sixth paragraph)

By Stelios Orphanides

The Cypriot banking system has improved its liquidity following two consecutive years of economic expansion but continues to face risks stemming mainly from the high non-performing loan portfolio, roughly half of all loans, the Central Bank of Cyprus (CBC) said on Wednesday.

“While financial conditions show a clear improvement, challenges persist,” the CBC said in a statement handed over to reporters on the occasion of the publication of its 2016 financial stability report.

“The banking system has high levels of...


CBC says NPLs, low rates and high private debt threaten financial stability (Update-1)


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