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September 20, 2024

NPL ratio in Cyprus continues to decline in Q2

At the end of June 2024, the non-performing loan (NPL) ratio in the Cypriot banking sector decreased further to 6.9%, representing pound 1.7 billion, down from 7.3% or pound 1.8 billion at the end of March 2024. The coverage ratio of NPLs with provis…

Cyprus to host 2nd MED9 Energy Ministerial Summit on Monday

Cyprus will host the 2nd MED9 Energy Ministerial Summit on Monday, gathering Energy Ministers from nine Mediterranean EU countries. According to the Ministry of Energy, the summit aims to strengthen energy cooperation and promote the Mediterranean as…