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The non-performing loans rate in the Cyprus banking sector declined to 11.1% of total loans in the end of December 2021 compared with 17.7% in the end of 2020, data released by the Central Bank of Cyprus (CBC) show. NPLs, as defined by the European Banking Authority, in December 2021 declined to €3,000 million, marking a reduction of €1.24 billion compared with the previous month, while compared with the end-2020, NPLs marked reduction of €2.11 billion. The reduction compared with the November …
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