Blog
Bank of Cyprus generates €95m net profit in first quarter
May 14, 2019
Bank of Cyprus said Monday it has generated a €95m net profit in the first quarter of the year on tax legislation amendments and adjustments in the sale of non-performing exposures.
The BoC said it had generated €176m in total income while its profit and loss account was positively impacted by €109m following tax legislation amendments adopted in March 2019 and negatively impacted by completion and timing adjustments of €21m for Project Helix.