Non-performing loans reached 24.4 USD bil in 2017 in Cyprus, according to the National Central Bank. This is 2.43 % less than in the previous year.
Historically, non-performing loans in Cyprus reached an all time high of 37.0 USD bil in 2013 and an all time low of 4.61 USD bil in 2008. When compared to Cyprus's main peers, non-performing loans in Greece amounted to 124 USD bil, 3.79 USD bil in Israel and 16.8 USD bil in Turkey in 2017.
Cyprus has been ranked 11th within the group of 79 countries we follow in terms of non-performing loans.
A non-performing loan is a loan that is in default or close to being in default.