Eurobank reports first-half 2026 financial results with strong performance in Cyprus

Eurobank reported a net profit of €738 million for the first half of 2026, marking a 6.8% increase compared to the previous year. The bank’s operations in Cyprus contributed €231 million to this total, despite experiencing a 7.7% year-on-year decrease in local profitability. Within the Cypriot market, the bank saw net interest income of €379 million and fee income of €95 million, with the non-performing loan ratio improving to 1.7% in the second quarter from 1.8% in the first quarter.

Following these results, Eurobank’s management has revised its full-year guidance upward, driven by stronger-than-expected credit expansion and solid performances in core markets. CEO Fokion Karavias highlighted the group's resilience amidst ongoing geopolitical tensions in the Middle East. The bank raised its total credit expansion target for the group to €4.5 billion, up from the previous projection of €3.8 billion. Adjusted net profit for the entire group reached €776 million, a 9.2% increase, with the return on tangible book value recorded at 16.6%. The bank noted that investment activity and tourism remain key drivers for regional economic stability, particularly in Cyprus and Bulgaria, which together accounted for 46.5% of the group's adjusted net profit.