Cyprus Mail

Eurobank Cyprus posts €20.1m in net profits in H1

Eurobank Cyprus Ltd said that it generated an after-tax profit of €20.1m in the first half of the year, compared to a profit of €39.1m in January to December 2015.

The lender, a unit of Greece’s Eurobank, said that its capital adequacy ratio stood at 28.6 per cent at the end of June while its core equity tier 1 capital ratio was 25.8.

Eurobank’s loan portfolio rose in June to by €35m compared to June to over €1.9bn while its deposits rose from €3.2bn to €3.6bn, the bank said.

The bank’s non-performing loans accounted for 6.8 per cent of its portfolio, it added.

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