The Bank of Cyprus published its results for the first half of 2025, demonstrating impressive growth and stability.
Strong start to the year!
Net profit after tax was €235 million, and second quarter results remained stable at €118 million. The return on equity (ROTE) reached 18.4%, surpassing the strategic target for the year. Lending activity grew significantly as well. In the first six months, the bank issued new loans worth €1.6 billion — 31% more than in the same period of 2024. The volume of loans on the books was €10.7 billion, a 5% increase since the beginning of the year.
Asset quality and sustainable growth
The bank continues to maintain one of the lowest levels of non-performing loans in the country: just 1.7% of the total loan portfolio. The cost-to-income ratio was 36%, reflecting the efficiency of the business model. Total deposits, primarily from retail customers, increased by 6% year-over-year to €20.9 billion. Meanwhile, Bank of Cyprus demonstrated a robust capital base, with CET1 and total capital adequacy ratios reaching 20.6% and 25.8%, respectively.
Dividends, transactions, and strategic expansion
In summer 2025, the Bank completed the acquisition of Ethniki Asfalistiki Cyprus Ltd. for €29.3 million, thereby strengthening its position in the island's insurance market. As part of its policy of sustainable shareholder returns, the bank announced an interim dividend of €0.20 per share (approximately 40% of half-year profits). By the end of the year, the bank plans to achieve a dividend payout ratio of up to 70%. The bank confirms its intention to prioritize supporting its customers, businesses, and the Cypriot economy while maintaining stable profitability for its investors.