Non-performing loans (NPLs) in the Cyprus banking system remained unchanged in November, with the NPL rate to total loans unchanged at 10.5%.
According to data published by the Central Bank of Cyprus, total NPLs in November amounted to €2.68 billion compared with €2.7 billion in the previous month. Total accumulated provisions for NPLs in November amounted to 47.4% compared with 47.3% the month before.
Total loans in arrears over 90 days were €2.03 billion, amounting to 7.9% of total loans and were practically unchanged compared with the previous month.
Total restructured facilities in November amounted to €3.07 billion compared with €309 billion the month before, of which €1.28 billion continued to be classified as non performing.
NPLs held by Households in November were €1.33 billion compared with €1.35 the month before and accounted for 50% of total NPLs with accumulated provisions amounting to 33.6%.
According to the CBC, corporate NPLs amounted to €1.04 billion compared with €1.03 billion in the month before, with total provisions amounting to 64%.