According to data released by the Central Bank of Cyprus (CBC) NPEs in January amounted to €8.98 billion compared with €8.98 billion in December 2019. NPEs to total loans remained unchanged to 27.9%, the CBC said.
Loans with 90 days past due amounts reached €7.47 billion compared with €7.42 billion in the previous month.
Total loans in January 2020 amounted to €32.13 billion compared to €32.12 in the previous month.
According to the CBC, total restructured facilities declined in January to €5.32 billion compared to €5.45 billion in the previous month. Of the total restructured facilities, loans amounting to €4.0 billion continues to be classified as non-performing according to the European Banking Authority’s directives.
Total accumulated provisions amounted to €4.92 billion or 53.5% from €4.94 billion in December 2019.
According to the CBC of the total NPEs in January 2020, 52% or €4.64 billion came from household delinquent borrowers and 44% or €3.96 were corporate.
Source: In-Cyprus
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Georg Bühler, ,
Digital assets are no longer a niche, but a part of modern finance attracting a growing number of investors – and there is immense potential for Cyprus to become a leading cryptocurrency hub. By fostering a more inclusive regulatory ecosystem, Cyprus can diversify its financial services sector and position itself at the forefront of digital finance, says Georg Bühler, Managing Director of Mount Pelion Capital.
Read Georg Bühler's Insight
