Aggregate Cyprus banking sector data on non-performing loans with reference date 31 January 2023

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 It is noted that as of reference date 31^st December 2022, RCB bank is not included, the banking license of which has been revoked.

 

1. 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