Cyprus has recorded the most significant progress among European Union countries in reducing non-performing loans, according to a new report by Scope Ratings.
The non-performing loan (NPL) ratio in Cyprus stood at 1.9 per cent at the end of 2024, marking a decrease of 0.3 percentage points compared to the previous quarter and a decline of 0.5 percentage points over the past twelve months.
This improvement is the largest among
