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Financial Mirror (Cyprus) - - FRONT PAGE -

The two main lenders, Bank of Cyprus and Laiki, are fore­cast to re­port profit in­creases of 55-74% in 2005 with a spec­tac­u­lar per­for­mance, but the only set­back be­ing the ris­ing level of non-per­form­ing loans, ac­cord­ing to the Fi­nan­cial Mir­ror is­sue 611, on March 9, 2005.

Bank of Cyprus and Laiki Bank are fore­cast to boost their 2005 prof­its by more than 50% on top of a spec­tac­u­lar per­for­mance in 2004, with Hel­lenic Bank also seen over-turn­ing its losses and re­turn­ing to profit this year. The av­er­age of fore­casts by Share­link, CLR and Eg­na­tia sees BOC

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