The Bank of Cyprus has announced its full-year loss of €2.04 billion for 2013.
The bank, which was recapitalised after bailing in depositors last year registered a loss of €93 million in the fourth quarter of 2013, down from €142 million in the previous quarter.
“These results demonstrate stability on the asset and provisioning side of our balance sheet,” said Bank of Cyprus CEO CEO of John Hourican.
“The progress made by the business over the course of the past few months is materialising in the numbers.”