ECONOMY

MPB makes 2.8-mln-euro profit in sale of Estonia unit

Marfin Popular Bank Pcl, Cyprus?s second-biggest lender, said on Monday it made a profit of about 2.8 million euros from the sale of a 71 percent stake in Marfin Pank Eesti AS, its Estonian unit.

Marfin completed the sale to Ukraine?s Ukrselhosprom Pcf LLC for 6.6 million euros, as part of a strategy to refocus on its Cypriot base, the Nicosia-based bank said in a statement to the Cyprus Stock Exchange.

[Bloomberg]