Insider Economy NPEs in the Cyprus banking system record slight increase in January

NPEs in the Cyprus banking system record slight increase in January

 

Non-performing exposures (NPEs) recorded a slight increase in January over the previous month, attributed to the end-of year capitalised interest.

According to data released by the Central Bank of Cyprus (CBC) NPEs in January amounted to €8.98 billion compared with €8.98 billion in December 2019. NPEs to total loans remained unchanged to 27.9%, the CBC said.

Loans with 90 days past due amounts reached €7.47 billion compared with €7.42 billion in the previous month.

Total loans in January 2020 amounted to €32.13 billion compared to €32.12 in the previous month.

According to the CBC, total restructured facilities declined in January to €5.32 billion compared to €5.45 billion in the previous month. Of the total restructured facilities, loans amounting to €4.0 billion continues to be classified as non-performing according to the European Banking Authority’s directives.

Total accumulated provisions amounted to €4.92 billion or 53.5% from €4.94 billion in December 2019.

According to the CBC of the total NPEs in January 2020, 52% or €4.64 billion came from household delinquent borrowers and 44% or €3.96 were corporate.

(CNA)

Top Stories

Forest fires red alert for 2nd day running

  The forestry department has issued yet another fire red alert, as hot and dry conditions continue and temperatures on the mountains are expected to...

Greece PM says won’t accept strict EU conditions on COVID aid – FT

  Greece will not accept strict European Union conditions on the use of the coronavirus emergency aid, Prime Minister Kyriakos Mitsotakis told the Financial Times...

Mexico surpasses France in coronavirus death toll, 5th highest globally

  Mexico reported 523 more coronavirus deaths, pushing its tally to 30,366, overtaking France to become the fifth-highest in the world. The health ministry also reported...

Japan braces for return of torrential southern rains that killed 16

  Torrential rains that hit Japan’s southern island of Kyushu killed 16 people, with 13 going missing and 17 showing no vital signs, public broadcaster...

WHO halts hydroxychloroquine, HIV drugs in COVID trials after failure to reduce death

  The World Health Organization (WHO) said it was discontinuing its trials of the malaria drug hydroxychloroquine and combination HIV drug lopinavir/ritonavir in hospitalised patients...

Taste

Cyprus sprouts with cream and prosciutto

In a big, deep frying pan, fry the prosciutto in the olive oil, on medium heat for 2 minutes. Add the onion and garlic...

Pork burger with sundried tomatoes, mozzarella and anchovies

Mix all the ingredients together with the mince in a bowl, and combine well. Divide into 4 balls and form the burgers. Warm a griddle/pan...

Sheftalies

Wash the lamb cauls with plenty of cold water and let them settle in water and vinegar for a little while. Soak the bread crumbs...

Loukaniko Pitsilias – Pitsilia Sausage

Pitsilia sausage is produced in the Pitsilia region from pork minced meat that is “cooked” ( matured) in the dry red wine of the...