The NPLs decreased slightly in August to €27.379 billion from €27.390 billion in July, representing 47.77% of total loans.

Restructured loans amounted to €13.98 billion or 51.1%, of which €10.43 billion are still considered to be NPLs.

Non performing business loans reached 57.22% or €13.85 billion in August from a total of €24.22 billion.

Household NPLs were at 55.82% or €12.73 billion in the eighth month of the year from a total of €22.81 billion.

The Central Bank figures showed that the banks have recorded accumulated impairment loss amounting to €8.85 billion or about €32.33 billion of the total NPLs.

Source: Famagusta Gazette