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| | Xak.com: Alpha Bank Cyprus with first-quarter profits up 96% |
 | | Alpha Bank closed the first quarter of 2001 with net pre-tax profits of Drs 31,6bn against Drs 21,1bn in the corresponding period of 1999. |
 | | The bank's assets for the first three months stood at Drs 10,3 trillion, a rise of 11,1% against the same time last year, while loans and deposits were up 23,9% and 20,1% respectively, at Drs 4,5 trillion and Drs 6,3 trillion. |
 | | According to an announcement by Alpha Bank, the rise in profitability is attributable to the improvement of the interest margins, profits from the sale of bonds and synergies resulting from the merger with Ionian Bank. |
| www.xak.com /main/newsshow.asp?id=6933 (215 words) |
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