business loans

Cyprus sees slight increase in non-performing loans

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Cyprus sees slight increase in non-performing loans

– The balance of non-performing loans (NPLs) in Cyprus rose to €1.9 billion in January 2024.
– The total amount of loans in January 2024 stood at €24.02 billion.
– The slight rise in NPLs is attributed to an increase in non-performing business loans.

Decline in business loans continued in late 2023, CBC says

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Decline in business loans continued in late 2023, CBC says

Fact: Cyprus saw a decrease in net demand for new business loans in the final quarter of 2023, continuing a downward trend observed since the first quarter of 2022, albeit to a lesser extent than originally expected.