Cyprus-Forum.com

[Get Real!]

After losses in Greek branches, major Cypriot banks profit…

Bank of Cyprus first quarter profits up 29 per cent
http://www.cyprus-mail.com/cyprus/marfi ... m/20100528

Marfin posts first-quarter net profit €41.7m
http://www.cyprus-mail.com/cyprus/marfi ... m/20100528

Cyprus Hellenic returns to profit in Q1
http://in.reuters.com/article/idINLDE64Q0C320100527

[Get Real!]

Now where’s that Larnaca dude waiting by the sea in Pervolia, with a plate of chips and a beer can …in case a tourist shows up!

The sharks in Nicosia have already made more money in the first quarter than the combined tourist industry will by the end of the year!

[Gasman]

I'm very pleased to hear that the Cyp banks that have quite a bit of my money are doing well!

[Get Real!]

I'm very pleased to hear that the Cyp banks that have quite a bit of my money are doing well!

Ooooh!

[bsharpish]

smoke and mirrors and\or accountants fudging methinks

All 3 have good liquidity but substantial exposure in the greek market.

Be interested to see the real financial position and what the year end will bring.

Oddly enough the same 3 face a review by Moody's... strange that these positive results appear within 24 hours of that announcement.

Not that I'm sceptical about banks or anything

[Get Real!]

smoke and mirrors and\or accountants fudging methinks

I suppose dividend payouts will be illegally printed money then this year round…

[bsharpish]

smoke and mirrors and\or accountants fudging methinks

I suppose dividend payouts will be illegally printed money then this year round…

maybe they''ll issue it on overprinted enron,GM, lehmann , icesave et al dividend cheques.

Clever accounting and satisfied large corporate shareholders an honest or viable company doth not make.... maybe none of the 140 banks that failed in the USA during 2009 paid no investor dividends while they hid huge deficits.... but I doubt it

[Gasman]

I suppose dividend payouts will be illegally printed money then this year round…

Bleedin' hope not!

Dunno about smoke and mirrors or how well Cyprus banks really are doing. But, compared with what happened with Sterling, I don't need to be a financial wizard to tell the difference between 0.00000feckall% and minimum 3.5% without taking any risks or tying it up too tight.