The Central Bank of Cyprus (CBC) on Friday reported that 94 per cent of loans held by credit acquisition companies were categorised as non-performing (NPLs) as of June 30, 2024.
The report indicates a total loan balance of €20.98 billion, distributed almost equally between individuals (€10.64 billion) and businesses (€10.34 billion).
Of these, non-performing loans amounted to €19.66 billion, leaving just €1.31 billion classified as performing loans.
The figures underscore
