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Non- Performing Loans (NPLs) in the Cyprus banking system dropped by €132 million continuing their downward trajectory, assisted by disposals as well as the debt repayment moratorium in place since March until end-December, as part of the measures to tackle the impact of the coronavirus pandemic. According to data released by the Central Bank of Cyprus (CBC) on Friday, total NPLs in end-July declined to €6.57 billion representing 22% of total loans compared with €6.7 bl in the previous month. From …
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