1 non-performing loans (npls)

Cyprus Sees Further Reduction in Non-Performing Loans in September 2023

As of September 2023, Cyprus has experienced a further reduction in nonperforming loans (NPLs), with a decrease to €2.02 billion, down from €2.08 billion in August. The NPL ratio has improved to 8.3 percent, and the banking sector continues to demonstrate resilience, evidenced by stable coverage ratios and a decrease in loans with delays beyond 90 days.