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.


Top Stories

164 new cases, one death announced on Tuesday

 The Health Ministry announced the death of one person due to COVID-19. This raises the death toll from the virus in Cyprus to 176,...

Where to get antigen rapid tests on Wednesday

The Health Ministry announced the following antigen rapid test sites for Wednesday, 20 January 2021:   LIMASSOL Parking place Sklavenitis supermarket, Germasogia 08:30-16:30 Grigoris Afxentiou Square 08:30-16:30 Parking place...

Italy’s Mount Etna erupts at night time

Long streams of red-hot lava flowed down Mount Etna as Europe's tallest and most active volcano erupted again.   At 10,926 feet, Etna is the continent's...

Cyprus secures another 565,000 doses of Pfizer/BioNTech vaccines

Through additional procedures of the European Commission, Cyprus secured another 565,000 doses of Pfizer/BioNTech vaccines, increasing the number of orders from the specific company...

Everything ready for inoculations among enclaved Greek Cypriots and Maronites

All necessary arrangements have been made to start inoculating against COVID-19 the enclaved population and those who repatriated in the Karpas peninsula and the...


Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...


No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...