The Bank of Cyprus announced on Monday that it posted a €95 mn profit for
the first quarter of 2019.
Depating CEO John Hourican said in a statement that the Bank continues to
make good progress towards completion of the sale of c.€2.7 bn non-performing
loans in Project Helix, including obtaining the required regulatory approvals
from the ECB.
Mr. Hourican is set to leave in September with Panicos Nicolaou taking up
the CEO-designate role in the meantime.
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