Bank of Cyprus Holdings PLC - Nicosia-based lender - Says it continued to deliver against medium term strategic targets as strong recovery in economic activity continued into the third quarter. For nine months to September 30, posts pretax profit of EUR22.9 million, swinging from EUR118.9 million loss a year ago. This was on total turnover of EUR566.7 million, flat on EUR565.2 million last year. Reports CET1 ratio of 15.3%, up from 14.8% last year. Looking ahead, Bank of Cyprus says it is on track to meet medium-term financial targets.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Bk. Cyprus Hldg (BOCH)