Bank of Cyprus First-Half Profit Down yr-on-yr
Bank of Cyprus said its profit after tax for the first half of 2009 was down 39% year-on-year at 148 million euros, in line with its targets for the year.
Profit for the second quarter of 2009 was up 34% compared to the first quarter of the year, reaching 85 million euros, said the group. First-half earnings per share fell 17.6 cents year-on-year to 25.1 cent per share.
Bank of Cyprus said it is maintaining its targets for 2009 and expects net profit after taxes of between 300 to 400 million euros.