Insider Economy NPFs drop by €19 million at the end of February 2019 

NPFs drop by €19 million at the end of February 2019 

Non-performing facilities at end-February 2019 dropped by €19 million to €10.29 billion compared with January 2019, figures released on Friday by the Central Bank of Cyprus (CBC) showed.

However, the ratio of NPFs to total facilities increased to 31.1% at the end of February 2019 from 30.3% in January 2019, as a result of the reduction of the total facilities from €34.03 billion in January 2019 to €33.12 in February 2019.

The percentage of loans with arrears less than 90 days reached 24.1% in February compared with 23.3% in January 2019.

The coverage ratio decreased to 51.3% in February from 51% at the end of January 2019.

Total loans restructured amounted to 19.8% at the end of February compared to 19.4% in January 2019.

Total NPEs in February 2019 amounted to €10.29 billion compared to €10.31 billion in January 2019. Loans with arrears less than 90 days increased respectively to €7.97 billion compared to €7. 95 billion.

Total loans restructured in February amounted to € 6.54 billion of which €4.62 billion were still classified as non-performing loans.

Total provisions amounted to €5.29 billion at end-February 2019.

(Cyprus News Agency)

Top Stories

One more tests positive to Coronavirus

One more person has tested positive for coronavirus after 942 tests, the Health Ministry said on Monday, raising the total in Cyprus to 1,022. The...

Britain set to ban Huawei from 5G, though timescale unclear

Prime Minister Boris Johnson is set to ban Huawei from Britain's 5G network in a landmark decision that will anger Beijing but win plaudits from President...

‘Views of the World’ animation festival returns to Salamiou

Countryside Animafest Cyprus, the island's official animation event that aims to showcase animation films from around the world has announced its 19th edition that...

MoH extends testing programme for employees in phase 2 and 3 of lockdown exit

The Health Ministry said on Monday it has extended to August 12 the programme to test a total of 10,000 employees who returned to...

Britain offers fast-track visas for foreign health workers

Britain's new immigration system will provide faster and cheaper visas for skilled health and social care workers, the government announced on Monday, setting out...


Halloumi cheese fingers

Ingredients Serves: 2 1/2 tablespoon olive oil 175g (6 oz) halloumi cheese, cut into sticks 1 dessertspoon lemon juice 1/4 teaspoon dried oregano freshly ground black pepper to taste Method Prep:5min ›...

Koupes (cracked wheat pies) with mushrooms

Ingredients: For the dough: 1½ cup bulgur wheat 2 cups water 1 tsp. salt For the filling: 250gr. mushrooms, finely chopped ½ cup of olive oil 2 big onions, coarsely chopped 1...

Fried zucchini balls with halloumi

Ingredients: 6 medium zucchinis (approximately 1kg) 1 small onion, grated 1 large halloumi (about 250gr.), grated ½ cup simple flour 2 tsps. fine lemon zest 2 big eggs 1 tbsp. fresh...

Rocket salad

Ingredients: 4 cups rocket leaves, rinsed and dried 1 cup cherry tomatoes 1 cup pomegranate seeds 1 red bell pepper ½ cup croutons 2-3 light cheese slices (grated) salt ½ of a...