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.
Continue reading at source: Cyprus Mail
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