The total amount of loans held by credit acquisition companies in Cyprus stood at €20.3 billion at the end of 2024, down from €21 billion at the end of the first half of the year, according to data from the Central Bank of Cyprus (CBC).

Of this total, €10.3 billion comprised loans to individuals, while around €10 billion were loans to legal entities as of December 2024.

According to the CBC, non-performing loans accounted for €19.1 billion, representing 94 per cent of the total, compared to €19.6 billion in June 2024.

Meanwhile, the stock of properties held by credit acquisition companies reached 8,118 units by the end of 2024, with a total value of €1 billion.

This marked an increase from 7,610 properties worth €1.1 billion recorded at the end of the first half of the year.