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Non-performing loans (NPLs) in the Cyprus banking system dropped to €5.11 billion at the end of 2020, marking a decline of €3.86 billion compared with the respective period of 2019, data released by the Central Bank of Cyprus (CBC) show. The annual drop amounting to 43% is mainly attributed to an NPL portfolio sale by Bank of Cyprus (project Helix 2A €0.91 bl), the €0.5 bl write-down by Hellenic Bank and the sale of an NPL package amounting to €0.32 bl …
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