Laiki shares eye CYP 5, Hel­lenic prof­its up 21%

Financial Mirror (Cyprus) - - FRONT PAGE -

Laiki Bank’s shares could eas­ily reach CYP 5 with the Chair­man Kikis Lazarides say­ing it had “ex­cel­lent” prospects for growth, while Hel­lenic Bank was also on a roll, an­nounc­ing a 21% in­crease in prof­its the pre­vi­ous year, ac­cord­ing to the is­sue 154, on March 20, 1996.

Laiki Bank Chair­man Kikis Lazarides said that prospects were “ex­cel­lent” and based on cur­rent fi­nan­cial ra­tios, the share price may eas­ily

Laiki shares:

reach CYP 5 from the cur­rent CYP 4 level. Net prof­its in 1995 were up 18.6% at CYP 17.9 mln and the board pro­posed a 20% div­i­dend.



Hel­lenic Bank re­sults for 1995 showed sat­is­fac­tory in­creases in both op­er­a­tional and af­ter-tax prof­its, at CYP 6.13 mln and 3.38 mln, re­spec­tively.

Of the 90,000 Rus­sians who vis­ited Cyprus in 1995, some 20,000 were car­ried by Kor­sar Air­lines, mainly to Paphos, and the Moscow-based air­line has



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