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Outstanding balance of total loans in the Cypriot banking system has registered a drop of €3.9 billion in June compared with the previous month, mainly impacted by the supervisory approval of a sale of a non-performing loan portfolio by Bank of Cyprus amounting to 2.8 billion. Bank of Cyprus project Helic involving the sale of loans to Apollo Global Management LLC was approved by the supervisor in late June.However, according to data released by the Central Bank of Cyprus, total loans …
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