NPLs up 1.3% to € 27.4 bln
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.