Non-performing loans (NPLs) in Cyprus fell by a total of €30 million in August, with the percentage of NPLs against total loans standing at 10.9 per cent, down from 11 per cent during the previous month, according to a report released this week by the Central Bank of Cyprus (CBC).

In addition, according to the data, the total value of non-performing loans at the end of August fell to €2.82 billion, compared to €2.85 billion at the end of July.

Total loans at the end of August decreased by €62.5 million compared to July, falling to €25.94 billion overall.

At the same time, loans in arrears beyond 90 days, not including NPLs that have been restructured under the EBA directive, fell below €2 billion, reflecting a decrease of €27.3 million compared to the previous month.

Moreover, the percentage of loans overdue for more than 90 days reached 7.7 per cent of total loans.

Besides, the accumulated provisions amounted to €1.45 billion, of which €1.32 billion concerned non-performed loans.

At the same time, restructured loans experienced a reduction of €20 million and amounted to €3.24 billion, of which €1.40 billion continues to be classified as non-performing loans.

Finally, of the total value of non-performing loans, €1.4 billion or 50 per cent are related to household loans, while corporate non-performing, which represent 39 per cent, amounted to €1.09 billion.

The Retail Trade Cycle Value Index in Cyprus increased by 12.5 per cent in September 2022, compared to the corresponding month of 2021, according to a report released this week by the Cyprus Statistical Service (Cystat).

What is more, during the same month, the Retail Trade Volume Index increased by 3.6 per cent compared to the corresponding month in 2021.

For the period between January and September 2022, the value index is estimated to have increased by 11.6 per cent, while the volume index rose by 2.4 per cent, both in terms of the value of each index in the corresponding period in 2021.

The Cyprus Stock Exchange (CSE) ended Wednesday, November 2 with profits.

The general Cyprus Stock Market Index was at 76.97 points at 13:23 during the day, reflecting a rise of 0.18 per cent over the previous day of trading.

The FTSE / CySE 20 Index was at 46.24 points, which represents an increase of 0.22 per cent.

The total value of transactions came up to €59,960.

In terms of the sub-indexes, the main and hotel indexes rose by 0.42 per cent and 0.95 per cent respectively, while the investment firm and alternative indexes both declined, falling by 1.42 per cent and 0.05 per cent respectively.

The biggest investment interest was attracted by Hellenic Bank (+1.93 per cent), the Bank of Cyprus (-0.35 per cent), Demetra (-1.5 per cent), Logicom (+1.18 per cent), and Constantinou Bros Hotels (no change).