Cyprus Mail

NPLs at 46% in February, Central Bank says

By Stelios Orphanides

The non-performing loan ratio in Cyprus’s banking system remained unchanged at above 46 per cent in February compared with the month before, the Central Bank of Cyprus said.

Non-performing loans stood at €27.8bn in February after rising by €1.2m compared to the month before after rising by €483.5m in January, the Central Bank of Cyprus said in a statement on its website today. The ratio of non-performing loans extended to non-financial corporations fell to 51 per cent in February from 55 per cent the month before mainly on an increase in overall outstanding lending, while that of households rose slightly to 61 per cent.

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