Cyprus Mail

Non-performing loan ratio rises again in June to 46.37%, central bank says

By Stelios Orphanides

Cypriot banks saw their non-performing loans rise in June to 46.37 per cent, or by €68.2m, from 46.02 per cent the previous month, the Central Bank of Cyprus said.

The increase in non-performing loans in June mainly concerned small and medium companies unable to service their debt with the share of their overall non-performing loans debt rising to 64.8 per cent or €8.7bn, or by €127.2m in a month, the central bank said in a statement. The overall amount of non-performing loans of all non-financial corporations, including small and medium size enterprises, rose by €107.5m to €13.5bn or 55.73 per cent of their overall outstanding debt.

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