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The Bank of Cyprus announced net profits amounting to €116 million for the nine months of 2019, that ended in September, compared to a net loss of €37 million in the respective period of last year, with the bank’s CEO Panicos Nicolaou noting the bank’s results reflect “continuing progress against our core objective of balance sheet repair and normalization.” “The bank is returning to strength, through a disciplined approach to balance sheet repair, the disposal of non-core businesses and cost rationalisation …
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