News Column

Troubled banks under scrutiny

July 16, 2014

NICOSIA: A delegation from the troika of international lenders yesterday began its fifth assessment of Cyprus's economy and troubled banking system, focusing on the threat of bad loans.

Some 45 percent of all loans at Cypriot banks are classified as non-performing - e27.1 billion (R394bn) from total lending of e60bn, according to Cyprus |Central Bank figures.

Non-performing loans repre-sent 43 percent of bank loans.

Cape Argus

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Source: Cape Argus (South Africa)

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