Bank of Cyprus sees after-tax loss of €100mn in Q2 and €126mn for 1H

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Bank of Cyprus sees after-tax loss of €100mn in...
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The Bank of Cyprus has seen a loss after tax of €100 million in the second quarter of this year, and a loss of €126 million in the second half of the year, the bank said in a statement on Thursday. Results met analyst forecasts, however.

The bank also saw an underlying profit after tax on organic operations of €4 million. Before provisioning, total income was at €143 million and there was a positive operating result of €56 million.

Provisioning for Non-Performing Loans accounted for most of the losses. There were provisions/net loss relating to Non-Performing Exposure (NPE) sales (including...


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Bank of Cyprus sees after-tax loss of €100mn in Q2 and €126mn for 1H


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Article Tags: cyprus, after, 100mn, 126mn,