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Bad loans in Cyprus at €19.9 billion at the end of April
CNA - Cyprus/NICOSIA 09/08/2018 16:54


Bad loans stood at €19.9 billion at the end of April, data released on Thursday by the Central Bank of Cyprus show.

The Cyprus Central Bank’s data on banks’ local operations show a small drop in Non-Performing Facilities (NPFs) from the figures released for March.

In particular, March had registered the largest drop totalling €2,074 million, in the first quarter of 2018. NPFs stood at €21.9 billion in February.

In March NPF’s were recorded at €19,917,648,000 while the figure released for April shows NPFs at €19,916,144,000.

Central Bank figures showed that total facilities declined by €695 million from €47.08 billion at end of December 2017 to €46.38 billion in April 2018.

Total restructured facilities at the end of April 2018 amounted to €11.283 million, of which €8.273 million are still classified as NPFs, partl

(CNA)

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