Non-Performing Loans: A €20 Billion Time Bomb for the Cypriot Economy

Non-Performing Loans: A €20 Billion Time Bomb for the Cypriot Economy

Central Bank of Cyprus data reveal nearly €18.5 billion in bad loans and €974 million in property holdings.

As of June 30, 2025, loans held by Credit Acquisition Companies in Cyprus reached €19.7 billion, according to data published Monday by the Central Bank of Cyprus. Of this amount, €18.5 billion concerned non-performing loans (NPLs), representing 94% of the total portfolio.

  • Loans to individuals: €9.9 billion, of which €9.3 billion were NPLs.

  • Loans to legal entities: €9.75 billion, of which €9.27 billion were NPLs.

The total number of borrowers managed by Credit Acquisition Companies stood at 69,494.

On the same date, the stock of properties owned by these companies amounted to 8,079 units, with a total market value of €974 million.

Loader