Non-performing loans (NPLs) in the Cypriot banking system amounted to €2.85 billion in July 2022 marking a slight decrease in comparison to the previous month.
According to the data released by the Central Bank of Cyprus (CBC), NPLs amounted to €2,850 million or 11% of total loans in the banking system. In comparison, total NPLs in June amounted to €2,919 or 11.2%.
Total loans with amounts past due over 90 days amounted to €2,014 million in July, compared to €2,052 in June. This stands at 7.7% of the total loans.
Furthermore, total restructured facilities amounted to €3,260 million in April from €3,268 million in the month before, the CBC said, of which, €1,405 million continue to be classified as NPLs.
Accumulated provisions amounted to €1,458 million or 46.5% of total non-performing loans, the CBC added.
According to the CBC, of the total NPLs, €1,147 million were held by households, while corporate NPLs amounted to €805 million. Of the total corporate bad loans, €752 million were held by small and medium sized enterprises (SMEs).
Source: Cyprus News Agency