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Non-performing facilities down by €24 million in July 2018
CNA - CYPRUS/Nicosia 07/11/2018 20:53


Banks’ Non-performing facilities (NPFs) decreased by €24 million in July 2018 to €16.61 billion from €16.63 billion in the previous month, according to figures released on Wednesday by the Central Bank of Cyprus.

The percentage of facilities classified as non-performing stood at 40.4% of the total facilities at the end of July 2018 compared with 40.3% in the previous month. Since the end of 2017, NPFs have fallen by € 3.96 billion.

Out of the total of NPFs, €9.25 billion were restructured of which €6.42 billion are still classified as NPFs compared to €6.44 billion in the previous month.

Total facilities with over 90 days delay amounted to €12.98 billion at the end of July 2018, compared to €12.96 billion in June 2018 or 31.5% of total facilities.

In addition, total facilities dropped to €41.15 billion at the end of July 2018 fr

(CNA)

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