articles | 26 January 2022

NPLs in Cyprus banks down by €32 million at the end of October

Total non-performing loans (NPLs) in the Cyprus banking sector decreased by €32 million at the end of October 2021, compared to the previous month, when total loans increased by €14 million to € 27.91 billion.

According to data released on Wednesday by the Central Bank of Cyprus, total NPLs decreased in October 2021, to €4.25 billion from € 4.29 billion at the end of September of the same year and from € 5.11 billion at the end of 2020.

As a result, the ratio of non-performing loans to total loans decreased at the end of October 2021 to 15.3%, from 15.4% in the previous month.

The coverage ratio rose to 46.5% at the end of October 2021, from 45.7% at the end of September 2021.

Total loans restructured amounted to €3.94 billion, of which €2.05 million are still classified as non-performing loans.

Source: Knews

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