Moody’s says 34% drop in Cypriot banks’ NPEs in September a credit positive

Moody’s said on Friday a 34% decline in Cypriot banks’ nonperforming exposures in September was a credit positive. In its weekly credit outlook, it cited January 11 Central Bank figures which showed NPEs  in the Cypriot banking system as of September 2018 were down €5.6 billion or 33.6% versus August 2018. Moody’s said this was a credit positive … Continue reading Moody’s says 34% drop in Cypriot banks’ NPEs in September a credit positive