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Bank of Cyprus, the Mediterranean island's largest lender, Tuesday posted net losses of 554.3 million euros ($678 million)for 2017 as it increased buffers for bad debt.BoC said it had set aside total provisions for bad loans of 942 million euros in 2017, resulting in a 554.3 million euro loss after tax – compared with a 67 million euro profit in 2016 .Nonperforming loans fell to 8.8 billion euros, a 41 percent drop since December 2014, but the bank's bad loan ratio is at 47 percent.
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