Bank of Cyprus increased profit to 121 million euros in the first quarter of 2026

Bank of Cyprus published its financial results for the first quarter of 2026, reporting a profit increase to 121 million euros. For comparison, the bank earned 117 million euros during the same period last year. The Return on Tangible Equity (ROTE) was 18%, confirming the stable financial position of the country's largest banking institution.

One of the key factors for growth was the increase in lending volumes. During the first three months of 2026, the bank issued new loans totaling 829 million euros — a 9% increase compared to the previous quarter. At the same time, the performing loan portfolio grew to 11.1 billion euros, an increase of 2%.

The bank also noted a high level of capitalization. The Common Equity Tier 1 (CET1) ratio reached 20.7%, and the total capital adequacy ratio was 25.5%. These indicators attest to the bank's stability and its ability to remain resilient amidst economic challenges.

The financial results reflect the ongoing recovery of the Cyprus banking sector and the growth of business activity on the island. Analysts note that the increase in lending could have a positive impact on investments and business development in the country.