Economists see virtuous circle in NPL drop against growing economy

Click For Larger Image & Read More
Economists see virtuous circle in NPL drop...
 © BusinessMail 2017
By Stelios Orphanides

Non-performing loans in Cyprus’s banking system continued to be around half of total loans over the past years. In absolute numbers they fell by €3.5bn in two years but as a percentage of economic output, the drop was more spectacular, an analysis of Central Bank of Cyprus (CBC) and Cystat data shows.

When in December 2014, the CBC introduced the current methodology of classifying loans as non-performing, it also produced the first figure based on it. It was €27.3bn against a gross domestic product (GDP) of below €17.6bn, a rate of 155.6 per cent.

The...


Economists see virtuous circle in NPL drop against growing economy


The contents of this article including any associated images are © BusinessMail 2017

Advertise Here

Trending Cyprus News

Article Tags: economists, virtuous, circle, against, growing, economy,

 

Advertise Here

24hr News