Cyprus Business Now

Non-performing loans (NPLs) decreased by €142 million in June 2021, according to data released by the Central Bank of Cyprus.

This decrease reflects a 2.8 per cent aggregate drop compared to the previous month of available data.

“Total loans decreased by €242 million or 0.8 per cent from €28,633 million at end-March 2021 to €28,391 million at the end of June 2021,” the Central Bank said.

“As a result, a decrease in the ratio of NPLs to total loans was recorded from 17.9 per cent at end-March 2021 to 17.6 per cent at the end of June 2021”, the bank added.

The total amount of new loans dropped to €278.4 million in August 2021 according to a report released by the Central Bank of Cyprus on Thursday.

This reflects a €228.9 drop from the previous month’s figure of €507.3 million.

August also saw a decrease in new loans for consumption, dropping to €13.2 million from July’s €16 million July figure.

New loans for the purpose of house acquisitions dropped to €89.5 million, €28.6 million down from July’s €118.1 million.

In addition, the report from the central bank also shows new loans to non-financial corporations for amounts of up to €1 million decreased by €17.4 in August, with the figure standing at €44.1 million compared to the previous month’s €61.5 million.

The Cyprus Stock Exchange (CSE) ended Thursday, September 30, with losses.

The main Cyprus Stock Market Index was at 66.88 points by 13:17 during the day, reflecting a decrease of 0.49 per cent over the previous day.

The FTSE / CySE 20 Index was at 39.96 points, representing a drop of 0.55 per cent. The total value of transactions came up to €25,374.

In terms of sub-indexes, investment firms dropped by 3.57 per cent, the main index dropped by 0.77 per cent, while the alternative index decreased by 0.31 per cent.

The biggest investment interest was attracted by Vassiliko Cement Works (-0.74 per cent), Bank of Cyprus Holdings (+0.49 per cent), Hellenic Bank (€8,592 worth of transactions, no change), Logicom (-1.25 per cent) and Louis PLC (-0.63 per cent).