Bank of Cyprus reports half-year profits of 252 million euros

The Bank of Cyprus announced on August 4, 2026, that it generated a profit after tax of 252 million euros for the first six months of the year, representing a 7 percent increase compared to the same period in 2025. The bank reported that 131 million euros of this total was earned during the second quarter alone.

In addition to the financial performance, the institution confirmed an interim dividend payment of 0.24 euros per ordinary share, totaling approximately 105 million euros. This represents a 20 percent annual increase and reflects a 44 percent payout ratio on first-half earnings. Group chief executive Panicos Nicolaou attributed these results to the bank's diversified and efficient business model, noting that the company maintains a Return on Tangible Equity (ROTE) of 18.8 percent and a cost-to-income ratio of 36 percent. Basic earnings per share for the period stood at 0.58 euros.

Looking ahead, the bank expects its ROTE to remain at the higher end of the mid-teens range for the remainder of 2026. The institution also highlighted the resilience of the Cypriot economy, which is projected to grow by 2.5 percent despite international geopolitical challenges.