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Bank of Cyprus emerges from pandemic with €894mn new lending, 96% loan performance
September 2, 2021
Bank of Cyprus announced on Wednesday delivery of a robust performance in the first half of 2021: Revenue and profit is up, new lending has jumped to €894 million, and 96 per cent of loans that had been covered by the moratorium are now making regular payments.
Total income and profit were strong, but limited by exceptional charges. Total income was at €152 million for the second quarter of 2021, up 11 per cent from the previous quarter. After-tax profit was at €57 million, and operating profit at €34 million for that period, a 28 per cent increase from the first quarter of this year, the bank said in a statement.