Cyprus Central Bank data shows that in one year troubled loans decreased by €3b, while in two years they decreased by €3.7b.
In households NPLs dropped to €12 billion in 2016 compared to €12.7 billion in 2015, adding up to 50.8% of the total value of troubled loans.
In businesses NPLs dropped to €11.1 billion from €13.3 billion , or 46.8% of the total value of troubled loans.
The Central Bank notes that the downward trajectory of the non-performing loans is due to increased repayments, successful restructurings and debt-for-property swaps.
Source: InCyprus
