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In 2019, Cyprus remained the country with the highest stock of non-performing loans (assets) of general government, at 28.8% of GDP, a far larger share compared with the other EU Member States, despite a year-on-year decrease of more than 3 percentage points, according to data released today by Eurostat, the statistical service of the EU.According to Eurostat, this was due to a large transaction in 2018, whereby non-performing loans from a Cypriot public financial corporation (classified outside government) were transferred …
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