BUSINESS

BoC Holdings sees profits turn to losses

TAGS: Cyprus, Banking

Bank of Cyprus Holdings Plc announced a nine-month total income of 693 million euros, against 717 million in the January-September 2016 period, in a Cyprus Stock Exchange filing on Tuesday.

The company’s operating profits dropped to 380 million euros from 418 million in 2016, with after-tax gains of 62 million euros in the first nine months of last year turning to losses of 553 million in the year to end-September 2017. [Reuters]

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