Non-performing loans ratio in Cyprus 2009-2017

This statistic presents the ratio of non-performing loans (NLP) to total gross loans in Cyprus from 2009 to 2017. Non-performing loans are those that are in default, or are close to being in default. Many standard contract terms specify that loans become non-performing after being in default for 90 days, but this can vary. A very steep increase of non-performing loans in the total loans portfolio took place during this period of time. In 2015, a total of 47.75 percent of total loans were non-performing in Cyprus, which increased slightly to nearly 48.7 in 2016. This meant that as of 2016 almost half of all loans were non-performing in Cyprus. In 2017 the ratio of total non-performing loans in Cyprus decreased to 40.16 percent.