NPLs up 1.3% to € 27.4 bln

Financial Mirror (Cyprus) - - FRONT PAGE -

The to­tal value of non-per­form­ing loans in the Cypriot bank­ing sys­tem rose 1.3 per cent or by EUR 351.5 mln to ?27.4 bln in July, ac­count­ing for 47.4% of to­tal ex­po­sures, the Cen­tral Bank of Cyprus said. This was up from the June fig­ure of 46.37%.

The share of NPLs as a per­cent­age of to­tal loans to non­fi­nan­cial com­pa­nies was 56.77%, while bad loans to small and medium size en­ter­prises rose 1.6% or by 145.7 mln in July to EUR 8.9 bln. House­holds NPLs also rose, up 0.5% to EUR 12.7 bln in July.

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