Why Cyprus?
Panikos Koursaris, Marfin Laiki Bank - Globalserve International ...
Panikos Koursaris, Marfin Laiki Bank - Globalserve International ...
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Well capitalised Banks€mThree Major <strong>Cyprus</strong> Banks(Marfin Popular Bank Public Co Ltd, Bank of <strong>Cyprus</strong> PLC, Hellenic Bank PublicCompany Ltd)2010 1H10 1H11Operating income 2,731 1,326 1,457Operating profit 1,182 571 675Provisions 716 307 427Profit after provisions & tax 401 227 219Provision for Greek Governmentbonds - - 515Net profit / loss 401 227 - 296Total equity 6,805 6,422 8,044Capital adequacy ratio (average) 13.53% 12.13% 13.00%24