The Bank of Cyprus said Wednesday that it posted a profit of €1 mn for the first six months of the year.
The Bank’s CEO, Panicos Nicolaou said that “leveraging on the stronger economic environment in the quarter, our strategy is beginning to deliver results, demonstrated by the improvement in our performance before non-recurring items which nearly doubled on the prior quarter.”
During the second quarter of the year, the Bank generated a total income of €152 mn and a positive operating result of €57 mn, up by 28% on the prior quarter.
Source: Cyprus News Agency