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Friday, May 31, 2013

Cyprus Hellenic posts Q1 loss on bad loans Greek sale

NICOSIA | Fri May 31, 2013 6:55am EDT
NICOSIA May 31 (Reuters) - Cypriot lender Hellenic Bank posted a 31.7 million euro loss in the first quarter, taking a hit from higher provisioning for bad loans and from the sale of its Greek business as part of an international bailout for Cyprus.
Hellenic was one of three Cypriot banks which sold their Greek branches to that country's ...

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