ECONOMY

Bank of Cyprus says H1 net profit seen at 56 million euros

bank-of-cyprus-says-h1-net-profit-seen-at-56-million-euros

Bank of Cyprus Pcl announced on Thursday that its first-half 2016 net profit amounted to 56 million euros, with the profits of the second quarter of the year coming to 6 million euros.

The operating profit before provisions of the island’s biggest lender reached 135 million euros in the April-June period, compared to 146 million euros in Q1.

[Reuters]