NPLs drop marginally in February to €23.8bn, CBC says

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NPLs drop marginally in February to €23.8bn,...
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By Stelios Orphanides

Non-performing loans in the Cypriot banking system fell by a mere €30.6m in February to well above €23.8bn in a month, mainly on increased compliance by households, the central bank said.

From the introduction of the current definition of non-performing loans in December 2014 to February this year, total non-performing loans dropped by €3.5bn, the Central Bank of Cyprus said in a statement on its website on Thursday. Since the end of 2014, outstanding credit dropped by €6.5bn to €50.7bn.

Corporate bad loans dropped in February by €10.3m to €11.2bn compared to...

NPLs drop marginally in February to €23.8bn, CBC says

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