Cyprus non-performing loans ratio steady at 7.4 per cent
Non-performing loans (NPLs) in the Cypriot banking sector remained virtually unchanged in May, totalling €1.77 billion compared to €1.80 billion the previous month, according to a report released this week by the Central Bank of Cyprus (CBC).
In addition, the CBC report showed that the NPL ratio against total loans held steady at 7.4 per cent.
Moreover, when compared to the end of December 2023, NPLs in Cyprus have decreased by just €81 million.
According to the CBC report...
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