Cyprus sees slight increase in non-performing loans

There was a slight increase in the absolute numbers of non-performing loans (NPLs) in Cyprus in January of this year, with the ratio of NPLs to total loans remaining stable at 7.9 per cent.

According to a report released on Friday by the Central Bank of Cyprus (CBC), the balance of NPLs, based on the European Banking Authority’s guidelines, rose to €1.9 billion, marking an increase of €7 million from the previous month.

The balance of loans overdue by more than 90 days reached €1.58 billion...