Bad loans in Cyprus down by €17 million at the end of October 2020

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A further drop of €17 million was recorded in total non-performing loans in October 2020 compared to the end of September 2020. According to an announcement by the Central Bank of Cyprus (CBC), total lending increased from € 29,992 million at the end of September 2020 to € 30,120 million at the end of October 2020, showing an increase of € 128 million. As a result, the ratio of non-performing loans to total loans decreased from 21.1% at the end of September …

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