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Cyprus Eastern Forum Index » General » NPEs increase by 87 million in October
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NPEs increase by 87 million in October 
Post: #1   PostPosted: Tue Feb 12, 2019 2:30 pm Reply with quote
Steve - SJD
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NPEs increase by 87 million in October

Non-performing exposures (NPEs) in Cyprus banks recorded an increase of
87 million in October 2018 compared with September 2018, despite the
fact that they remained unchanged as a ratio to total loans.

According to figures released Tuesday by the Central Bank, the NPEs ratio to
total loans remained at 31.8 per cent as in September 2018, following the
significant decline in the third quarter of 2018 due to the removal of 7bn of
Cyprus Cooperative Bank`s NPEs from the banking system.

Total loans with amounts less than 90 days late reached 23.7 per cent
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NPEs increase by 87 million in October 
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