NPEs fall to 6.5 per cent of total loans — value down to €1.6 billion

The total value of non-performing exposures (NPEs) in Cyprus dropped to €1.6 billion by the end of September 2024, down from €1.7 billion in June .

This decrease brought the NPE ratio to 6.5 per cent of total loans , an improvement from 6.9 per cent in June , according to the Central Bank of Cyprus (CBC).

The central bank attributed this reduction to several factors. Firstly, loan repayments ,