Non-performing loans outside the banking system at €19.66 billion

07:57 - 25 November 2024

Economy Reporter

Non-performing loans held by Credit Acquisition Companies in Cyprus amount to €19.66 billion, according to data published by the Central Bank of Cyprus.

The specific data was published for the first time and relate to data as of 30 June 2024.

In a press release, the Central Bank said that in order to further enhance transparency and provide more complete information to stakeholders, it is proceeding with the regular publication of aggregated data for the sector of Credit Acquiring Companies (CACs) in Cyprus.

Specifically, as of 30 June, the CACs held a total of €20,977 billion in loans, of which 94% (€19,663 billion) were non-performing and €1,314 billion were performing.

Of the NPLs, €9.95 billion were held by individuals and €9.71 billion by legal entities. Similarly, €692 million of performing loans belong to natural persons and €623 million to legal entities.

In addition, CACs hold a total stock of 7,610 properties with a market value of €1.1 billion.

For comparison, according to the latest CBC data for August 2024, within the banking system, NPLs amount to €1,637 billion.

(Source: CNA)

Non-performing loans outside the banking system at €19.66 billion

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