Non - performing facilities drop by €19 million

Non - performing facilities at end-February 2019 dropped by €19 million to €10.29 billion compared with January 2019, figures released on Friday by the Central Bank of Cyprus (CBC) showed.
 
However, the ratio of NPFs to total facilities increased to 31.1% at the end of February 2019 from 30.3% in January 2019, as a result of the reduction of the total facilities from €34.03 billion in January 2019 to €33.12 in February 2019.
 
The percentage of loans with arrears less than 90 days reached 24.1% in February compared with 23.3% in January 2019.
 
 The coverage ratio decreased to 51.3% in February from 51% at the end of January 2019.
 
Total loans restructured amounted to 19.8% at the end of February compared to 19.4% in January 2019.
 
Total NPEs in February 2019 amounted to € 10.29 billion compared to € 10.31 billion in January 2019. Loans with arrears less than 90 days increased respectively to € 7.97 billion compared to € 7. 95 billion.
 
Total loans restructured in February amounted to € 6.54 billion of which € 4.62 billion were still classified as non-performing loans.
 
Total provisions amounted to € 5.29 billion at end-February 2019.