Today: March 21 2019
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Non-performing loans in Cyprus rose to € 26,5 billion

Non-performing loans in Cyprus rose to € 26,5 billion

Tags: Cyprus Central Bank, Credit, Economy, Banks

Data of the Central Bank of Cyprus show that non-performing loans in Cyprus rose to € 26,5 billion., Reflecting a significant deterioration in the economic environment.

For commercial banks, non-performing loans (NPL) are 40,85% of their loan portfolio, for cooperatives 47,47%.

At the same time, according to the Central Bank, more than three out of 10 mortgage loans are non-performing - 33,38% for banks and 35,21% for cooperatives.

The biggest blow to the bank's loan portfolio began to developers who need billions of euros, but can not get them back.

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