Non-performing loans (NPLs) decreased by approximately €8 million in July, compared to the previous month, leading to a reduction of the NPLs index to 17.4% of the total loans, from 17.6% at the end of June 2021.
 
Specifically, according to the data announced on Tuesday by the Central Bank of Cyprus (CBC), at the end of July 2021 the NPLs amounted to €4,979 million, compared to €4,987 million in June 2021.
 
Contrary, total loans increased to €28,528 million at the end of July 2021, from €28,391 million at the end of June 2021.

Of the total NPLs amounting to €4,979 million, €2,073  million relate to corporate loans, of which €1,712 million are loans of small and medium-sized enterprises, and €2,670 million are household loans.
 
The coverage ratio amounted to 47.8% at the end of July 2021, compared to 46.8% at the end of June 2021.
 
In addition, the total loans restructured by the end of July 2021 amounted to €4,133 million or 14.5% of the total loans (€4,008 million at the end of June 2021), of which €2,383 million are still classified as non-performing loans, according to the EBA classification.

CNA