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Home BUSINESSBank of Cyprus posts 76 mln euros profit
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Fri, 28 Nov, 2014 03:57:57 AM
FTimes-Xinhua Report, Nov 28

Bank of Cyprus (BOC), the Cypriot lender which was recapitalized by seizing its depositors' money last year, posted an after-tax net profit of 76 million euros for the first nine months of 2014 on Thursday.

     A statement by the bank said it recorded a 5-million-euro loss in the third quarter, which was offset by profits in the first and second quarters. It said the loss compared to a 50-million-euro profit booked in the second quarter of the year.

     The bank, which was suspended from trading after its resolution in March, 2013, also announced earlier on Thursday that it will return to the Cyprus Stock Exchange (CSE) and the Athens Stock Exchange (ATHEX) by December 16.

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