Central Bank of Cyprus releases updated data on credit acquiring companies

The Central Bank of Cyprus has released enhanced data regarding the operations of credit acquiring companies (CACs) as of March 31, 2026. The report indicates that these entities hold 19.6 billion euros in total loans, an increase from 19.4 billion euros recorded in December 2025. Out of this total, 18.5 billion euros, or 94.5%, are classified as non-performing loans (NPLs), while 1.1 billion euros are performing. The debt is distributed among more than 55,000 households and 9,200 businesses. Furthermore, CACs have become significant real estate holders in Cyprus, possessing 8,014 properties with a total market value of 968 million euros, primarily acquired through debt collateral recovery. The Central Bank now provides more granular reporting, including annual data for 2025 and quarterly updates starting from March 2026. The new categorization breaks down loans by borrower type, such as households with residential mortgages and non-financial corporations with commercial real estate collateral.