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Standard & Poor’s affirmed on Tuesday their `B /B` long- and short-term issuer credit ratings on Bank of Cyprus Public Co. Ltd. (BoC), noting that the outlook is stable.The rating agency also affirmed its `BB/B` resolution counterparty long- and short-term ratings on the bank. (BoC) has recently successfully completed several actions to enhance its capitalization, however, the stock of problematic assets on the balance sheet remains high, with nonperforming exposures (NPEs) accounting for about 35% of loans as of March 31, 2019, …
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