Compared with September 2013 NPLs recorded an increase of 4.0% or €1.01 billion. NPLs in commercial banks reached 39.11% of total loans which in absolute numbers corresponds to €20.29 billion, whereas NPLs in the cooperative sector reached 44.39% of total loans or €5.96 billion. The most problematic loans in the banking sector were the credit facilities granted to the construction sector that reached €7.25 billion of which 35.2% are considered as non-performing. Loans to individuals on November 30 amounted to €15.14 billion of which 61.44% fall in the NPL category. Restructured loans reached 14.25% of total credit facilities.

NPLs in the Cooperative sector reached an even higher ratio climbing to 44.93% of total loans that on November 30 reached €13.42 billion, whereas only 4.63% of total loans have been restructured. According to the CBC figures the lion's share in total Coops loans were granted to individuals, with €10.49 billion, of which 53.86% are non-performing, whereas €5.19 billion were granted for the purchase of immovable property. Credit facilities to companies reached €2.93 billion.

Source: Cyprus Mail