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12° Nicosia,
25 June, 2024
 

Rate of NPL's unchanged in November 2022

The NPL rate to total loans is at 10.5%, of which the loans amounted to €2.68 billion

Source: CNA

Non-performing loans (NPLs) in the Cyprus banking system remained unchanged in November, with the NPL rate to total loans unchanged at 10.5%.

According to data published by the Central Bank of Cyprus, total NPLs in November amounted to €2.68 billion compared with €2.7 billion in the previous month. Total accumulated provisions for NPLs in November amounted to 47.4% compared with 47.3% the month before.

Total loans in arrears over 90 days were €2.03 billion, amounting to 7.9% of total loans and were practically unchanged compared with the previous month.

Total restructured facilities in November amounted to €3.07 billion compared with €309 billion the month before, of which €1.28 billion continued to be classified as non-performing.

NPLs held by Households in November were €1.33 billion compared with €1.35 the month before and accounted for 50% of total NPLs with accumulated provisions amounting to 33.6%.

According to the CBC, corporate NPLs amounted to €1.04 billion compared with €1.03 billion in the month before, with total provisions amounting to 64%.

TAGS
Cyprus  |  banks  |  loans

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