Hellenic Bank announces reduced profits
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Hellenic Bank, the second largest lender and the biggest in retail banking in Cyprus, announced reduced profits on Monday for the first nine months of this year, mainly on account of a negative impact from the acquisition of Cyprus Cooperative Bank (CCB). A statement by the Hellenic Bank said its net profit in the first nine months of 2019 amounted to 89.4 million euros (99 million U.S. dollars) in comparison to 295.3 million euros in the same period of 2018. The statement said a “negative surplus”...
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