Cyprus Mail
Banking and FinanceBusinessCyprus

Non-performing exposures rose in April

central bank cyprus
The Central Bank of Cyprus

Non-performing exposures (NPEs) rose slightly in April pushed upwards by increased restructuring, according to Central Bank data released on Saturday.

NPEs in April reached €5.14bn compared with €5.13bn the previous month. The ratio of NPE to total loans rose to 18.1 per cent in April, from 17.9 per cent the previous month, while total loans dropped to €28.44bn in April from €28.63bn in March.

Loans in arrears over 90 days, that is net NPEs excluding restructured facilities that under the EBA directive continue to be classified as non-performing for at least a year, declined to €3.92bn in April from €4.0bn the previous month.

Total restructured facilities rose to €2.32bn in April, from €2.22bn the previous month and €2.23bn at the end of 2020, indicating the increased restructuring in the banking sector after the end of the repayment holiday due to the Covid-19 pandemic.

According to the CBC, total provisions at the end of April reached €2.6bn, of which €2.43bn was associated with NPEs.

Of the total €5.13bn NPEs in April, €2.75bn were held by households and €2.18bn were business NPEs, the CBC said.

Follow the Cyprus Mail on Google News

Related Posts

Christodoulides visits LNG terminal as work restarts

Tom Cleaver

Kombos heads for Brussels

Tom Cleaver

Christodoulides to travel to Egypt

Tom Cleaver

Four wanted for vandalism and attacking construction workers

Tom Cleaver

‘No timetables’ for next steps, Holguin says

Tom Cleaver

Exhibition steps inside art therapist’s studio

Eleni Philippou