Restructured NPLs at 12,36% of the total at end of September

Restructured NPLs at 12,36% of the total at end of September

Restructuring of non-performing loans (NPLs) stood at 12,36% of the total NPLs by 30 September 2014, according with data presented Tuesday before the House Committee on Institutions, by the Central Bank of Cyprus (CBC).

Restructured loans amounting to € 3,4 billion, out of a total of €27,6 billion NPLs, were relating to 15.411 accounts and 13.609 borrowers.

According to the data, out of the €3,4 billion, the € 1,279 billion concerns individual loans and €1,864 billion business loans.

During the Committee meeting, MPs expressed their discontent for the fact that while they have repeatedly requested additional information from the banks and the CBC, this has not been submitted to the Committee. Therefore, it was decided that the discussion on the subject concludes next week once all available data has been provided.

The Parliamentary Committee on Institutions continued on Tuesday the discussion on the reevaluation of real estate for loans restructuring purposes and the personal guarantees of citizens.

CNA/EMA/TNE/MM/2015
ENDS, CYPRUS NEWS AGENCY