
The Non-Performing Loans (NPL) ratio in the Cypriot banking sector fell to 5.9 per cent at the end of April, down from 6.1 per cent at the end of March, according to figures published by the Central Bank of Cyprus (CBC) on Friday.
The CBC said the decrease was mainly due to repayments, positive reclassifications into performing loan categories , write-offs, and exchange rate fluctuations.
Out of the total loan