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Strong Footing In The First Half Of 2024

Strong Footing In The First Half Of 2024

6M 2024 profit of €189 million, increased by 18% YoY


  • Solid Capital Position: Pro forma CET1 ratio of 26,55% and pro forma Total Capital ratio of 32,19%, well above minimum regulatory requirements
  • De-risked balance sheet: NPE (excluding the NPEs covered by the APS agreement) ratio at 2,4% with NPE provision coverage at (excluding the NPEs covered by the APS agreement) 39%
  • Agreement with CNP Assurances on CNP Cyprus Insurance Holdings to create the largest insurance operator in Cyprus
  • Framework agreement for the renewal of the staff collective agreement
  • 6M2024 new lending of €472 million
  • Retail focused,

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