BoC to Post Net Profit of €50M

07:20 - 06 Μαΐου 2016

The Bank of Cyprus has provided a trading update on its financial performance for the quarter ended on 31 March 2016 and announced it will post net profit of €50 million.
“The strong momentum in the Bank’s loan restructuring activities continues with progress across all asset quality metrics. During the first quarter of 2016, the Bank completed further restructurings of lending exposures across the spectrum of its loan portfolio,” the Bank said in an official announcement.
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