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Bank of Cyprus, the island’s largest lender, announced net profits amounting to €20 million in the first nine months of 2021, compared with a loss €122 million in the respective period last year, reducing its non-performing loan rate to single digits for the first time since the 2013 financial crisis in Cyprus. Earlier in November, the bank announced the completion of project Helix 3 involving the sale of an NPL portfolio amounting to €0.6 billion, achieving the bank’s medium term target …
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