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Financial Mirror (Cyprus) - - FRONT PAGE -

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”.

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