Eurobank Cyprus on Wednesday announced that it posted a net profit of €52.3 million for 2021, boosting its profitability from the year before, while at the same time improving its asset quality through the further reduction of non-performing loans (NPLs).
“2021 was a milestone year, as it marked the beginning of a very demanding effort, which will continue throughout 2022, to restart the economy and return the market to its pre-pandemic condition,” Eurobank Cyprus Chief Executive Officer Michalis Louis said in a statement commenting on the bank’s financial results.
Continue reading at source: cyprus-mail
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