Cypriot lender Hellenic Bank posts 31.7-mln-euro loss in Q1

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 Piraeus Bank in March under a deal brokered between Cypriot authorities and international lenders to ...

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