According to CBC data as of July 31, 2019, total NPEs decreased to € 9.68bn compared with €9.7bn last month and €10.26bn at the end of 2018.

The ratio of NPEs on total loans fell slightly to 29.6% from 29.8% in the previous month.

Households had the largest amount of NPEs, which however declined in July 2019 to €4.97bn or 36.7% from €5bn in June 2019 and €5.16bn at the end of 2018. Companies’ NPEs increased to €4.39bn or 29.5% from €4.38bn last month and €4.76bn at the end of 2018.

Overdue loans over 90 days increased to €7.79bn or 23.8% over total loans, from €7.76bn in June 2019 and €7.62bn at the end of 2018.

Loans restructured decreased to €6.1bn or 18.6% (from €6.11bn in June 2019), of which €4.33bn were still classified as non-performing loans.

Total cumulative provisions amounted to €5.14bn at the end of July 2019.

Source: Cyprus Mail