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Non-performing loans decreased by € 32 million

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Non-performing loans decreased by € 32 million

Insider / ΚΥΠΕ

Total non-performing loans (NPLs) decreased by € 32 million at the end of October 2021, compared to the previous month, when total loans increased by € 14 million to € 27.91 billion.

According to data released on Wednesday by the Central Bank of Cyprus, total NPLs decreased on October 31, 2021, to € 4.25 billion (€ 4,258 million), from € 4.29 billion at the end of September of the same year. and from € 5.11 billion (€ 5,111 million) at the end of 2020.

As a result, the ratio of non-performing loans to total loans decreased at the end of October 2021 to 15.3%, from 15.4% in the previous month.

The coverage ratio rose to 46.5% at the end of October 2021, from 45.7% at the end of September 2021.

Total loans restructured amounted to € 3.94 billion, of which € 2.05 million are still included in non-performing loans.

Source: www.philenews.com

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