SUNDAY, 21 OCT 2018

 

CONNECT

Facebook Linked In Twitter
INB_1000_Eng_03/08-15/11_728x90px
Invest Cyprus 30/04-30/03/2019
IMH LTD

Anastasiades’ Meeting with Akinci set for October 26

Lazarou: Cyprus on Track to Achieve Full Absorption of EU Funds

IMH LTD
GAP_Group_2018_468x60px

ECONOMY

Bad Loans In Cyprus At €19.9 Billion At The End Of April

Bad Loans In Cyprus At €19.9 Billion At The End Of April

Bad loans stood at €19.9 billion at the end of April, data released on Thursday 9 August by the Central Bank of Cyprus show.

The Cyprus Central Bank’s data on banks’ local operations show a small drop in Non-Performing Facilities (NPFs) from the figures released for March.

In particular, March had registered the largest drop totalling €2,074 million, in the first quarter of 2018. NPFs stood at €21.9 billion in February.

In March NPF’s were recorded at €19,917,648,000 while the figure released for April shows NPFs at €19,916,144,000.

Central Bank figures showed that total facilities declined by €695 million from €47.08 billion at end of December 2017 to €46.38 billion in April 2018, the Cyprus News Agency reports.

Total restructured facilities at the end of April 2018 amounted to €11.283 million, of which €8.273 million are still classified as NPFs, partly due to the definition of NPFs, based on which a restructured NPF remains under observation within the NPF category for a further period of at least 12 months.

A net reduction in restructured facilities of €537.7 million was recorded at the end of April 2018, compared to end-December 2017.
Households held the largest part of NPFs amounting to €10.80 billion, whereas enterprises held NPFs of €8.83 billion.

MORE ON ECONOMY

Hellenic Bank’s FSR and Long-Term FCR Raised; Outlook for all Ratings Revised to Stable

Capital Intelligence Ratings (CI Ratings or CI), has raised Hellenic Bank’s (HB) ...

EU Commission Signs €2.4m Works Contract for Animal Waste Disposal System in Turkish Cypriot Community

The European Commission signed a new €2.4 million Works Contract to support the ...

Cyprus Trade Deficit Drops to €2.6 bn

The first estimate for Cyprus’ exports of goods to the rest of the world in period ...

FROM AROUND GOLDNEWS

   

China Grows at Slowest Pace since 2009

China has reported its slowest quarterly growth rate since the global financial crisis. The growth figure for the July to September quarter was 6.5% from a ...
   

Lazarou: Cyprus on Track to Achieve Full Absorption of EU Funds

Cyprus in on track to achieve full absorption of the EU funds earmarked for Cyprus in the programme period of 2014-2020, Lazaros Lazarou member of the EU Court ...
   

CBC: Residential Prices Index Rises for Eight Quarters but Prices Remain Moderate

The increase of residential property prices remains moderate the Central Bank of Cyprus (CBC) has said as the residential property price index in the second ...
   

Cryptos: The Future or the Next Bubble?

Cryptocurrencies have undoubtedly been the centre of attention in the markets since they were introduced. Considering the fact that everything is gradually ...
   

MAP S.Platis Awarded Contract for the Provision of Services to EASO

MAP S.Platis Group is delighted to announce the award of a Contract for the Provision of Interim Services to the European Asylum Seekers Office (EASO) in ...
   

Cobalt Air License Revoked, Company Recorded Annually €30m Losses in the Past Three Years

Cyprus’ Air Transport Licensing Authority (ATLA) decided to revoke Cobalt Air’s operating license, Alecos Michaelides, the Permanent Secretary of ...
   

Cyprus Airways Offers Free Tickets to Cobalt’s Passengers

Cyprus Airways expresses its sorrow for Cobalt’s suspension of operation and its support to everyone affected. Cyprus Airways, aiming to minimize ...
   

TUS Airways Supports Cobalt's Passengers Offering a 20% Discount

The Cyprus-based airline, TUS Airways: “Τhe Ultimate Schedule” will offer Cobalt's passengers, who already bought tickets, a 20% discount in ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Infocredit_01/08-30/11_300x250px
Dale_Carnegie_LTM_300x250px

IMH LTD