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]