CYPRUS: NPLs at 47.79% of all loans in September

Non-performing loans (NPLs) at Cypriot banks decreased in September, Central Bank figures showed on Monday.
The Non performing Exposures (according to ECB definition) decreased slightly in September to EUR 27.329 bln from EUR 27.379 bln in August, representing 47.79% of total loans.
Restructured loans amounted to EUR 13.95 bln, of which EUR 10.40 bln are still considered to be NPLs.
Non performing business loans reached 57.02% or EUR 13.80 bln in September from a total of EUR 24.20 bln.
Household NPLs were at 56.08% or EUR 12.76 bln in September from a total of EUR 22.75 bln.
The Central Bank figures showed that the banks have recorded accumulated impairment loss amounting to EUR 9.02 bln.