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.
[Reuters]
