Loans denominated in Swiss franc down by Euros 274 million, modest decline in household loans

Loans denominated in Swiss franc declined by Euros 274 in the first half of 2016 but household loans reduction was modest the Central Bank of Cyprus told a parliamentary committee on Monday.

Briefing the Parliamentary Committee of Finance, Yiangos Demetriou, head of the CBC Supervision Division said that loans in Swiss franc declined from Euros 2.052 million in December 31 2015 to Euros 1,778 million on June 31 2016, adding however that 80% of these loans are considered as non performing.

Source: Cyprus News Agency