Cyprus Mail
Business

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

Switzerland first to put coronavirus contact-tracing apps to use

Andrew Rosenbaum

As cabinet ratifies EastMed, global producers are struggling

Andrew Rosenbaum

Cyprus’ general government balance in Jan–Apr turns negative due to Covid-19

Source: Cyprus News Agency

Recovery plan heralds more integrated EU, say analysts

Andrew Rosenbaum

Cyprus restart plan well-received by economists

Andrew Rosenbaum

Central Bank: all previous projections ‘upside down’, expect ‘serious recession’

Source: Cyprus News Agency