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profits of 117 mln,” Hadjiyiannis said.
“Following the results of the first quarter, a trend of stabilisation and proper functioning of the Co-ops is clearly revealed and this fills us with optimism and strength that we are doing well,” he said.
He added that the Group’s Common Equity Tier 1 ratio is at 13.6% “showing a very robust image” of the Co-operative Credit Sector.
Hadjiyiannis said that the messages coming from the NPLs recovery division “are quite positive as borrowers are cooperating”.