November 9, 2012 / 3:56 PM / 5 years ago

Bank of Cyprus results to be hit by lower income, provisions

NICOSIA, Nov 9 (Reuters) - Bank of Cyprus said on Friday nine-month after-tax results, not including Greece’s debt writedown, would be hit by lower income and increased provisioning.

Cyprus’s largest bank was forced to seek state aid earlier this year after a restructuring of Greece’s debt saddled it with significant losses, depleting its regulatory capital.

The loss for the first nine months would be lower than last year which included a writedown in the value of Greek government bonds, Bank of Cyprus said. (Reporting By Michele Kambas; Editing by Dan Lalor)

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