Filenews 20 September 2024
The total profit of Cypriot banks amounted to €602.92 million, after tax, in the six months of 2024, from €345.64 million. at the end of March 2024, according to updated aggregate data on the Cypriot banking sector released on Friday by the Central Bank of Cyprus.
Cypriot banks' net interest income amounted to €1.03 billion at the end of the six-month period, from €519.19 million. at the end of March 2024, while total net operating income amounted to 1.22 billion euros, from 660.31 million. at the end of the first quarter.
Provisions for bad loans increased by €8.48 million. from €20.34 million. in March 2024.
Moreover, the total equity of Cypriot banks increased at the end of June 2024 to €6.13 billion from €5.82 billion at the end of the first quarter of the year.
Risk-weighted assets amounted to €22.91 billion at end-June 2024, up by approximately €280 million from the end of March.
Finally, total capital requirements amounted to €1.83 billion from €1.81 billion. at the end of the first quarter.
CNA
