The Bank of Cyprus is feeling positive about its future, even though it made less money in the first nine months of 2025. Its profit after tax was €353 million, which is 12% lower than before. However, the bank is now expecting better full-year results and will give more money to its shareholders.
The situation for banks in Cyprus changed this year after Eurobank bought another bank, Hellenic Bank. This means the Bank of Cyprus now has different competition. Their recent results show a mixed picture. Total income went down by 7% to €767 million, mainly because they made less money from interest. But other parts of the business are very strong.
A key reason for their confidence is a big increase in new loans. They gave out €2.24 billion in new loans, which is 31% more than last year. The CEO, Panicos Nicolaou, says this is because of strong demand from international and business clients. The bank also has more customer deposits now, which is good for its stability. Importantly, the number of bad loans is very low, at just 1.2%.
Because of these strong points, the bank is taking action. It paid a higher dividend to shareholders in October and plans to keep giving them 70% of profits. The bank also increased its main profit goal for the year. The share price has grown a lot in the past year.
Looking ahead, the bank will present a new strategy in early 2026. The main challenge is to keep making good money when interest income is lower. Its future success will likely depend more on fees and insurance services. For investors and Cyprus, the bank's next steps are very important.