Cyprus had the highest stock of non-performing assets of general government, with 32.4% of GDP in 2018

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In 2018, Cyprus became the country with the highest stock of non-performing loans (assets) of general government, with 32.4% of GDP, far ahead of the other EU Member States, according to data released today by Eurostat the statistical office of the EU. According to Eurostat this was due to a large transaction, whereby non-performing loans from a Cypriot public financial corporation (classified outside government) were transferred to a government unit.Three other EU Member States recorded a share higher than 1% …

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