The Central Bank of Cyprus (CBC) has today posted on its website updated aggregate Cyprus banking sector data on non-performing loans (Aggregate Cyprus Banking Sector Data). It is noted that as of reference date 31st December 2022, RCB bank is not included, the banking license of which has been revoked.
- Aggregate data and indicators
The tables below summarise the evolution of the aggregate non-performing loans (NPLs) and related indicators for all credit institutions operating in Cyprus (domestic operations only) on a consolidated basis.
Table 1: Summary aggregate data for all credit institutions
| 31/01/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 | 31/12/2019 | 31/12/2018 | 31/12/2017 | |
| € million | € million | € million | € million | € million | € million | € million | |
| Total loans | 24.306 | 24.361 |
26.973
|
28.880 | 32.107 | 33.892 | 47.081 |
| Total loans with amounts past due
> 90 days |
1.843 | 1.826 | 2.111 | 3.937 | 7.425 | 7.625 | 15.719 |
| Total non-performing loans | 2.320 | 2.307 | 2.963 | 5.111 | 8.972 | 10.260 | 20.578 |
| Total restructured loans
of which: those that continue to be classified as non-performing loans |
2.706 | 2.733 | 3.482 | 3.314 | 5.454 | 6.659 | 11.821 |
| 1.015 | 1.018 | 1.466 | 2.230 | 4.006 | 4.603 | 8.461 | |
| Total accumulated impairment (provisions)
of which: those concerning non-performing loans |
1.205 | 1.206 | 1.431 | 2.543 | 4.939 | 5.261 | 9.627 |
| 1.094 | 1.096 | 1.267 | 2.359 | 4.803 | 5.088 | 9.451 |
Table 2: Aggregate indicators for all credit institutions
| 31/01/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 | 31/12/2019 | 31/12/2018 | 31/12/2017 | |
| % | % | % | % | % | % | % | |
| Total loans with amounts past due > 90 days / Total loans | 7,6 | 7,5 | 7,8 | 13,6 | 23,1 | 22,5 | 33,4 |
| Total non-performing loans / Total loans | 9,5 | 9,5 | 11,0 | 17,7 | 27,9 | 30,3 | 43,7 |
| Total accumulated impairment (provisions)1 / Total non-performing loans | 47,2 | 47,5 | 42,7 | 46,2 | 53,5 | 49,6 | 45,9 |
| Total restructured loans /
Total loans |
11,1 | 11,2 | 12,9 | 11,5 | 17,0 | 19,6 | 25,1 |
Source: CBC.
Notes: (1) Those concerning non-performing loans.
Table 3: Aggregate data and indicators for all credit institutions by institutional sector
(end of January 2023)
| Total loans | Total
non-performing loans |
Total loans with amounts past due > 90 days | Total
restructured loans
|
of which:
those that continue to be classified as non-performing loans |
Total accumulated impairment (provisions) | of which:
those concerning non-performing loans |
Total
non-performing loans / Total loans |
Total accumulated impairment (provisions)1/ Total non-performing loans | |
| € million | € million | € million | € million | € million | € million | € million | % | % | |
| Total |
24.306
|
2.320 | 1.843 | 2.706 | 1.015 | 1.205 | 1.094 | 9,5 | 47,2 |
| General government | 341 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 2,8 |
| Other financial corporations | 1.364 | 62 | 49 | 78 | 51 | 46 | 37 |
4,5
|
60,1 |
| Non-financial corporations
of which: SMEs |
11.983 | 969 | 739 | 1.839 | 471 | 694 | 613 | 8,1 | 63,2 |
| 8.397 | 835 | 684 | 1.164 | 392 | 577 | 522 |
9,9
|
62,5 | |
| Households | 10.618 |
1.290
|
1.055 | 789 | 493 | 464 | 445 |
12,1
|
34,5 |
Source: CBC.
Notes: (1) Those concerning non-performing loans.
Source: Central Bank of Cyprus
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