Nicosia, Cyprus. Cyprus’ banking sector maintained a historically low level of non-performing loans in February 2026, according to updated figures published by the Central Bank of Cyprus. The non-performing loans ratio remained stable at 1.6% as of February 28, 2026, the bank said.
Non-performing exposures and overdue loans
The Central Bank of Cyprus reported that total non-performing exposures stood at €833 million at the end of February, compared with €831 million in January, remaining broadly unchanged month on month.
It said loans overdue by more than 90 days amounted to €649 million, representing 1.3% of total loans, and accounted for about 78% of all non-performing exposures in the banking system.
Restructured loans continue to decline
Restructured loans fell to €783 million in February 2026 from €807 million in January.
The value of restructured facilities corresponded to 1.5% of total loans, according to the data.
Coverage ratio edges higher
The report showed a further improvement in coverage of non-performing loans through accumulated provisions, with the coverage ratio rising to 62.4% in February from 62.2% in January.
Households record highest non-performing loan ratio
By institutional sector, households continued to record the highest level of non-performing loans, with a ratio of 4.5%.
What do you think the household non-performing loan ratio indicates about borrowing conditions in Cyprus?