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NPFs drop a further €175 million in July-September 2019, Central Bank says
CNA - CYPRUS/Nicosia 14/02/2020 21:03

A further decrease of €175 million or 1.8% was recorded in aggregate NPFs at the end of September 2019, compared to the end of June 2019, and, as a result, a fall in the ratio of NPFs to total facilities was recorded from 29.8% at end-June 2019 to 28.8% at the end of September 2019, according to the Central Bank of Cyprus, which notes that “there has been an improvement in the factors contributing to the reduction of NPFs.”
At the same time, total facilities increased by €449 million or 1.4% from €32,598 million at end-June 2019 to €33,047 million at the end of September 2019.
The Central Bank notes that during the period between 31.12.2014-30.9.2019, there has been an overall decline in NPFs of €17.8 billion or 65.1%.
As a result, according to the Central Bank, the coverage ratio rose to 52.4% at end-September 2019 compared with 51.1% at t


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