Cyprus Mail

Eurobank Cyprus posts €7.8m in Q1 net profit

Eurobank Cyprus Ltd, a subsidiary of Greece’s Eurobank, said that it generated in January to March an after tax profit of €7.8m after posting a €39.1m profit in financial year 2015.

The lender’s common equity tier 1 ratio stood in March at 26.6 per cent, while the non-performing loan ratio was 6.9 per cent of its loan portfolio, the bank said in an emailed statement.

Eurobank overall deposits at the end of the first quarter of the year were €3.3bn with the loan-to-deposits ratio at 29 per cent, the lender said. The cost to income ratio was 33 per cent.

Related posts

Moody’s changes outlook to ‘positive’ on better fiscal and lower risks

Staff Reporter

Addressing inefficiencies in justice system ‘key to improving business environment’

Jean Christou

Ryanair UK pilots cancel this month’s strikes

Reuters News Service

Louis sells five hotels belonging to Greek subsidiary

Staff Reporter

Bill to simplify procedures for large-scale investments nears completion

Lizzy Ioannidou

Britain’s Thomas Cook scrambles for $250 mln to avert collapse

Reuters News Service