Cyprus Mail
Banking and FinanceBusinessCyprusCyprus Business NewsCyprus by the Numbers

Non-performing loan ratio falls

cyprus business now central bank of cyprus conference lagarde

Non-performing loans at the end of February 2022 fell to 11.3 per cent of total loans, according to data released by the Central Bank on Monday.

This represents a 0.4 per cent month-on-month decrease, with the previous figure having stood at 11.7 per cent of all loans.

In cash terms, non-performing loans amounted to €2.9 billion at the end of February, down from €3 billion in January 2022.

Total lending increased from €25.66 billion at the end of January to €25.69 billion at the end of February.

Loans to households amounted to €10.62 billion, while loans to non-financial corporations reached €12.94 billion.

In addition, €1.72 billion in loans belonged to other financing companies, while loans to the general government amounted to €402 million.

Non-performing loans belonging to households amounted to €1.55 billion in February, while the amount for non-financial corporations amounted to €1,17 billion. Other financing companies had NPLs worth €181 million in total.

The coverage ratio reached 45.3 per cent at the end of February 2022, compared to 43.6 per cent at the end of January 2022.

The amount of total loans restructured until the end of February amounted to €3.34 billion, of which €1.32 billion remain classified as non-performing loans.

Related Posts

Ballot papers for archbishop election being printed

Andria Kades

Finance ministry starts public consultation on windfall taxes

Elias Hazou

ECB warns of losses as it pays price for decade of money printing

Reuters News Service

Cyprus Airways launches holiday package platform

Kyriacos Nicolaou

No solution for Cyprus after 50 years of negotiations says Turkish minister

Andria Kades

Almost €12 million to support children with cancer given in 25 years

Gina Agapiou