Economy · Cyprus
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1 July
Loans managed outside the Cyprus banking system increased by €256 million.
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Generated by AI from the 3 sources below · always verify with the originals
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AI-synthesised from 3 sources · no editorial bias
Recent data from the Central Bank of Cyprus indicates a significant shift in the loan landscape of the country. In the first quarter of 2026, loans managed outside the traditional banking system increased by €256 million, bringing the total to €19.6 billion. This growth was largely attributed to rising household and business loan balances, suggesting a change in borrowing patterns among Cypriots.
Additionally, a concerning trend has emerged regarding the classification of loans. Reports indicate that non-performing loans, often referred to as "red loans," have increased, while "green loans," which are performing and meet repayment criteria, have seen a decline. This change has raised alarms about the financial health of borrowers, amid ongoing economic pressures, including rising costs of living.
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