Bank of Cyprus Q1 profits at 2 mln

Bank of Cyprus Q1 profits at 2 mln

Bank of Cyprus Holdings Plc announced on Tuesday it posted a net profit of 2 million euros in the first quarter of the year.

In the same period it issued new lending of 690 million euros and its loan-to-deposit ratio amounted to 95 percent.

Its CET1 ratio was at 14.4 percent on a transitional basis and 14 percent on a fully loaded basis.

The lender’s nonperforming exposures were down 662 million euros or 6 percent since the end of 2016, and down 31 percent since year-end 2014.


Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.