by assets are ACBA-Credit Agricole Bank - 243.9 bln
drams, Ameriabank - 241.5 bln
drams, Armbusinessbank - 207.4 bln
long-distance traffic fell sharply by 22% YoY to 1.2 bln
minutes and international traffic declined 21% to 0.1 bln
minutes, reflecting a traffic migration to mobile networks and VoIP substitution.
By contrast, debt issuance grew by around e1/42.3 bln
, reflecting government bonds issued to Hellenic Bank in the context of the deal with the Co-op Bank.
proceeds in 2011 increased from 68 bln
AMD to over 70 bln
From the beginning of 2018 NPEs have been reduced by e1/410 bln
sector - 16.6% to 10.3 bln
drams ($25.3 mln), while processing industry sector was on the third position with 172.3 bln
The trade balance surplus grew 28.1% YoY to $147.7 bln
in 9M11, however, the trade balance was down 14.1% QoQ in 3Q11.
Broken down, the value of Cyprus exports to the EU was e1/41 bln
(10% increase) and outside the bloc it reached e1/43 bln
Exports rose by 1.8% to 143.1 bln
AMD or $348 mln (up 7.2% in March 2014), while imports increased by 0.2% to 400.7 bln
- Capital outflow in 3Q11 was $18.7 bln
after $9.2 bln
in 2Q11 ($49.3 bln
Non-performing exposures (NPEs) in the Cypriot banking system remained virtually unchanged in August, compared to July, declining by only e1/415 mln to e1/416.59 bln
, corresponding to 40.4% of total loans.