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NPEs increase by €87 million in October

Non-performing exposures (NPEs) in Cyprus banks recorded an increase of € 87 million in October 2018 compared to September 2018, despite the fact that they remained unchanged as a ratio to total loans.According to figures released Tuesday by the Central Bank of Cyprus, the NPEs ratio to total loans remained at 31.8% as in September 2018, following the significant decline in the third quarter of 2018 due to the removal of €7bn of Cyprus Cooperative Bank`s NPEs from the banking …
Source: CNA

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