Cyprus' banks reduce their Non-Performing Loans. See how it is done, and weep.

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There was an lol for me today, thanks to an article in the Cyprus Business Mail announcing that Non-performing loans (“NPLs”) in the Cypriot banking system had fallen in March 2018 by almost €2.1bn to €19.9bn compared to February’s figure, and that this was the lowest figure for NPLs since December 2014, according to figures issued by the Central Bank of Cyprus (“CBC”).

The NPLs ratio in the system fell in March from 45.3% in February 2018 and 46% in


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