{"id":2006,"date":"2025-01-15T03:56:23","date_gmt":"2025-01-15T03:56:23","guid":{"rendered":"https:\/\/in-greece.com\/index.php\/2025\/01\/15\/further-drop-of-bad-loans-in-cyprus\/"},"modified":"2025-01-15T03:56:23","modified_gmt":"2025-01-15T03:56:23","slug":"further-drop-of-bad-loans-in-cyprus","status":"publish","type":"post","link":"https:\/\/in-greece.com\/index.php\/2025\/01\/15\/further-drop-of-bad-loans-in-cyprus\/","title":{"rendered":"Further drop of bad loans in Cyprus"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"post-1258629\">\n    <!-- .entry-header --><\/p>\n<div class=\"first-img article_thumbnail_wrapper\" itemscope=\"\" itemprop=\"associatedMedia\" itemtype=\"http:\/\/schema.org\/ImageObject\">\n                                                                    <picture><source media=\"(max-width: 767px)\" srcset=\"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2021\/01\/bank_of_cyprus_skating_web-320x200.jpg?v=1611921044\"><img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"600\" class=\"picture-main-block-image\" data-nxsrc=\"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2021\/01\/bank_of_cyprus_skating_web.jpg?v=1611921044\" alt=\"Further drop of bad loans in Cyprus\" src=\"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2021\/01\/bank_of_cyprus_skating_web.jpg?v=1611921044\"\/><br \/>\n                        <\/source><\/picture>\n                                                        <\/div>\n<div class=\"entry-content\" itemprop=\"articleBody\">\n<p>The nonperforming loans (NPL) ratio in Cyprus decreased to 6.5% or 1.6 billion euros at the end of September 2024, from 6.9% or \u20ac1.7 billion at the end of June 2024, the Central Bank of Cyprus (CBC) announced on Tuesday.<\/p>\n<p>The coverage ratio of NPLs with provisions increased to 55.7% (or \u20ac0.9 billion) at end-September 2024, compared to 55% three months earlier.<\/p>\n<p>The decrease in NPLs during the third quarter of 2024 is mainly attributed, in order of significance, according to the CBC, to: loan repayments (including debt-to-asset swaps), positive migrations of loans which have undergone successful restructuring and have now been reclassified as performing after the end of the surveillance\/probation period, and loan write-offs, which take place either in the context of restructuring, and usually concern amounts that already form part of credit institutions\u2019 loan loss provisions, or to non-contractual \u201caccounting\u201d set-offs made against amounts already provided.<\/p>\n<p>The total restructured loans of authorized credit institutions at end-September 2024 amounted to \u20ac1.3 billion, of which loans of \u20ac0.7 billion continue to be classified as NPLs.<\/p>\n<\/p><\/div>\n<p><!-- .entry-content --><\/p>\n<\/div>\n<p><script>\n        var NXFBPixelFunc = function () {\n            document.removeEventListener(\"scroll\", NXFBPixelFunc);\n            setTimeout(function () {\n                !function (f, b, e, v, n, t, s) {\n                    if (f.fbq) return;\n                    n = f.fbq = function () {\n                        n.callMethod ?\n                            n.callMethod.apply(n, arguments) : n.queue.push(arguments)\n                    };\n                    if (!f._fbq) f._fbq = n;\n                    n.push = n;\n                    n.loaded = !0;\n                    n.version = '2.0';\n                    n.queue = [];\n                    t = b.createElement(e);\n                    t.async = !0;\n                    t.src = v;\n                    s = b.getElementsByTagName(e)[0];\n                    s.parentNode.insertBefore(t, s)\n                }(window, document, 'script',\n                    'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n                fbq('init', '109138906120213');\n                fbq('track', 'PageView');\n            }, 0)\n        };\n        document.addEventListener(\"scroll\", NXFBPixelFunc);\n    <\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/www.ekathimerini.com\/economy\/1258629\/further-drop-of-bad-loans-in-cyprus\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The nonperforming loans (NPL) ratio in Cyprus decreased to 6.5% or 1.6 billion euros at the end of September 2024, from 6.9% or \u20ac1.7 billion at the end of June 2024, the Central Bank of Cyprus (CBC) announced on Tuesday. The coverage ratio of NPLs with provisions increased to 55.7% (or \u20ac0.9 billion) at end-September &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Further drop of bad loans in Cyprus\" class=\"read-more button\" href=\"https:\/\/in-greece.com\/index.php\/2025\/01\/15\/further-drop-of-bad-loans-in-cyprus\/#more-2006\" aria-label=\"Read more about Further drop of bad loans in Cyprus\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":2007,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"fifu_image_url":"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2021\/01\/bank_of_cyprus_skating_web.jpg?v=1611921044","fifu_image_alt":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-2006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts\/2006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/comments?post=2006"}],"version-history":[{"count":0,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts\/2006\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/media\/2007"}],"wp:attachment":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/media?parent=2006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/categories?post=2006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/tags?post=2006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}