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Bank of Cyprus, the island’s largest lender posted a net loss of €126 million in the first half of 2020, mainly affected by a net loss from an Non-performing exposure (NPE) package sale (Helix 2) and additional loan loss provisions amid the coronavirus pandemic that hampers economic activity. The Group Chief Executive Officer Panicos Nicolaou said in a statement that although the gradual easing of restrictions lead to increased economic activity “the global impact from the pandemic, however, continues to affect …
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