Eurobank Cyprus reports that in 2021 it achieved an increase in profitability, excess liquidity and very good loan portfolio quality, with a further reduction in the NPL ratio, according to its financial results for 2021. The bank, which this year completes 15 years of presence in Cyprus, recorded a net profit of €52.3 million after tax for 2021.
In addition, the Capital Adequacy Ratio as well as the Common Equity Tier 1 ratio (CET1) stands at 25.4% as of 31 December 2021. The bank notes that this element, combined with strong excess liquidity over time, are strong indicators of its stability.
Specifically, the bank reports that its capital and other reserves amounted to €571 million, recording an increase of €44 million compared to the corresponding results in 2020. Lending ratio
(CNA)
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