Cyprus Mail
Business Cyprus

NPLs on the rise in January

By George Psyllides

NON-performing loans (NPLs) in the island’s banking sector, including co-ops, rose to €27.5bn in January, compared with €26.9bn the previous month, Central Bank data showed.

NPLs in commercial banks reached 41.7 per cent, or €21.2bn, compared with €20.8bn in December 2013.

The respective figure for co-ops was 47.5 per cent, or €6.4bn, compared with €6.04bn at the end of the year.

Loans to businesses totalled €31.55bn in January with almost 45 per cent, or €14.2bn falling in the NPL category. Business NPLs were €14bn in December.

Household loans amounted to €14.2bn with 41.8 per cent, or €5.9bn, classed as non performing, compared with €5.7bn in December.

Around €7bn represent loans to developers, with 66.2 per cent, or €4.7bn of those non performing.

Loans in the co-operative sector amounted to €13.5bn, the biggest share granted to private individuals and households – €10.4 per cent.

Around 46 per cent were NPLs – €4.8bn compared with €4.7bn in December.

Co-op loans to companies amounted to €2.92bn in January, with almost 40.5 per cent being non performing – €1.18bn, compared with €1.13bn in December.

Related posts

Aim is for quarter of new cars to be electric by 2030

Evie Andreou

Music on the roof of the Bank of Cyprus Cultural Foundation

Eleni Philippou

Fire service to be independent by next month

George Psyllides

Anastasiades meets Russian FM

Antigoni Pitta

Minister encourages all school children to take part in sports

Jonathan Shkurko

Pasykaf run this Sunday to promote local tastes, nature

Gina Agapiou


Comments are closed.