Central Bank profit falls to €49.5m in 2017

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Central Bank profit falls to €49.5m in 2017
 © BusinessMail 2018
By Stelios Orphanides

The Central Bank of Cyprus said it generated last year a profit of €49.5 million compared with a profit of €74.2m in 2016 on reduced net interest income, which reduces the dividend transferred to the government’s coffers.

Net interest income fell in 2017, the year in which Bank of Cyprus fully repaid the remaining emergency central bank liquidity, to €94.5m compared with €121.5m the year before, the central bank said. Net revenue from fees and commissions rose to €17.5m from €11m.

Staff expenses fell last year to €27.9m from €28.6m the year...


This article was automatically added to our system 30-3-2018

Central Bank profit falls to €49.5m in 2017


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