Cyprus News Agency: News in English, 05-08-27
CONTENTS
[01] Bank of Cyprus records a 98% profit rise for 2005 first half
[01] Bank of Cyprus records a 98% profit rise for 2005 first half
1020:CYPPRESS:01
Bank of Cyprus records a 98% profit rise for 2005 first half
Nicosia, Aug 27 (CNA) - The Bank of Cyprus has recorded a significant
rise of 98% in net profit, reaching 31 million Cyprus pounds (CYP) for
the first half of 2005, the Group's Senior Executive Director Andreas
Eliades announced yesterday.
Announcing the Group's financial results for the year's first half,
Eliades said that these are very satisfactory and are in line with the
declared three-year profitability targets for a significant increase in
profitability as well as substantial improvement in key profitability
ratios of the Group.
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