Bank of Cyprus ranked 19th among 102 mid-sized banks in Forbes’ first “World's Top Performing Banks 2026” ranking. The Cypriot bank was the only representative from Cyprus to make the list.
How Forbes evaluated the banks
The ranking was compiled on the basis of objective financial indicators. Four main groups of metrics were taken into account when evaluating the banks:
- 30% — profitability;
- 20% — earnings growth and quality;
- 25% — capital and funding strength;
- 25% — asset quality and operating efficiency.
To make the comparison more accurate, the banks were divided into 6 categories according to the size of their assets. Bank of Cyprus falls into the Tier 4 category — mid-sized banks with assets ranging from $20 billion to $50 billion.
What the result means for Bank of Cyprus
According to Bank of Cyprus CEO Panicos Nicolaou, the high position in a ranking based exclusively on financial indicators confirms the bank’s resilience. He highlighted Bank of Cyprus’s strong capital base and the group’s steady development.
Bank of Cyprus is the largest commercial bank in Cyprus. It was founded in 1899. It operates in Cyprus, Greece, Romania, Russia and the United Kingdom. The bank provides a wide range of financial services to individuals and companies. These include current and savings accounts, loans and mortgages, bank cards, investment and insurance products, as well as business banking services.
Bank of Cyprus has an extensive network of branches and ATMs across Cyprus and offers customers digital banking services. The bank serves private clients, entrepreneurs and large companies, and also participates in financing projects across various sectors of the economy.