Central Bank of Cyprus governor Chrystalla Georghadji said that the amount
of non-performing loans in the Cypriot banking system “currently” stands at
€21.9bn or 44 per cent of total loans.
The non-performing loans ratio in the system was 44 per cent of total loans
and 120 per cent of economic output, Georghadji said according to the
transcript of her speech at an event in Nicosia on Monday. Net non-performing
loans stand at €11.7bn and banks have terminated half of the non-performing
According to the latest publicly available central bank data, the amount of
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