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September 2024

NPL ratio in Cyprus continues to decline in Q2

At the end of June 2024, the non-performing loan (NPL) ratio in the Cypriot banking sector decreased further to 6.9%, representing pound 1.7 billion, down from 7.3% or pound 1.8 billion at the end of March 2024. The coverage ratio of NPLs with provisions also improved, reaching 55.0% (pound 0.9

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Europe cannot have a geopolitical role without shipping, Christodoulides says

President of the Republic of Cyprus Nikos Christodoulides highlighted the importance of the shipping sector for Europe’s geopolitical role, while addressing on Thursday evening a dinner hosted by the Cyprus Shipowners’ Association, in Athens. As he said, the significance that Greece and Cyprus attach to the shipping sector was reflected

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