At the end of June 2024, the non-performing loan (NPL) ratio in the Cypriot banking sector decreased further to 6.9%, representing €1.7 billion, down from 7.3% or €1.8 billion at the end of March 2024. The coverage ratio of NPLs with provisions also improved, reaching 55.0% (€0.9 billion) compared to 53.3% (€0.9 billion) at the end of March 2024.