Bad loans in Cyprus drop slightly at end of February, remaining stable at 27.9% of total loans

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A small decrease of €4 million was recorded in total non-performing loans (NPLs) at the end of February 2020, compared to the end of 2019, according to data released on Friday by the Central Bank of Cyprus (CBC). The ratio of non-performing loans to total loans remained at 27.9%, as it was at the end of the fourth quarter of 2019. Specifically, according to the data, NPLs decreased to €8,968 million at the end of February 2020, from €8,972 million at the …

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