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Bank of Cyprus, the island’s largest lender posted net profit of €4 million in the third quarter of 2020 following two quarters of loss due to increased provisions for credit losses due to the coronavirus pandemic. In the second quarter the Bank posted a net loss of €100 million while for the nine months of 2020 ending in September the Bank recorded a net loss of €122 million. However, the bank announced its medium target over a return on equity of approximately …
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