Bank Of Cyprus Delivers Resilient Performance With €509 Million Revenue In H1 2025

by THEFUTURE.TEAM

August 5, 2025

Strong Financial Metrics Amid Challenging Conditions

The Bank Of Cyprus has announced its H1 2025 financial results, reporting total revenue of €509 million despite a 7 percent year‐on‐year decline—primarily due to a contraction in net interest income. The institution posted post-tax profits of €235 million during this period, with Q2 maintaining a consistent performance at €118 million, reflecting stability in a fluctuating market.

Solid Capital Structure and Liquidity

Exceeding its strategic targets, the bank achieved a Return on Tangible Equity (ROTE) of 18.4 percent, well above its set objectives for 2025. Enhanced by a strong Common Equity Tier 1 (CET1) capital ratio of 20.6 percent and an overall capital adequacy ratio of 25.8 percent, the bank’s robust balance sheet is underscored by total equity (excluding minority interests) of €2.79 billion as of June 30, 2025.

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Robust Growth in Lending and Customer Deposits

A notable highlight this period was the 31 percent year‐on‐year increase in new lending, which rose to €1.6 billion driven by demand for business and international operations loans. The serviced loan portfolio expanded by 5 percent to €10.66 billion, while the retail-dominated deposit base grew by 6 percent, reaching €20.9 billion. With individual customer deposits accounting for the majority of assets and liabilities, the bank continues to fortify its market position.

Operational Efficiency and Strategic Initiatives

The bank maintained a disciplined cost-to-income ratio of 36 percent, despite an increase in overall expenses—attributable to heightened staffing and operating costs. These strategic initiatives, including an anticipated 4 percent increase in the serviced loan portfolio, reflect the bank’s proactive efforts to adapt operationally and remain competitive in a dynamic financial landscape.

Stress Test Success and Forward-Looking Confidence

CEO Panicos Nicolaou highlighted that the bank’s resilient business model, strong organic capital generation, and improved liquidity underpin its sustained performance. The favorable results from the 2025 Single Supervisory Mechanism Stress Test—which placed the bank in the top category based on maximum CET1 reduction—further attest to its competitive edge relative to peers.

Positive Outlook Amid a Robust Economic Backdrop

Nicolaou also noted that the domestic economy continues to experience robust growth, with Cyprus forecast to reach a 3 percent growth rate in 2025—significantly outperforming the Eurozone’s 0.9 percent expectation. The bank’s strategic outlook, coupled with a strong balance sheet and expanded lending portfolio, provides a solid foundation for enduring success amid ongoing global economic uncertainty.

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Cyprus Secures ESA Associate Membership: A Strategic Leap in Global Space Innovation

by THEFUTURE.TEAM

October 23, 2025

Historic Milestone For Cyprus

Cyprus has taken a decisive step towards strengthening its strategic position in the European and international space community. On Thursday, the Republic of Cyprus signed a Memorandum of Understanding with the European Space Agency (ESA), officially paving the way for its transition to associate member status. This landmark agreement was signed by Deputy Research Minister Nicodemos Damianou for Cyprus and ESA Director General Josef Aschbacher at the Agency’s headquarters in Paris.

Enhancing National Competitiveness And Investment

The new status will significantly bolster Cyprus’ national space ecosystem by opening access to ESA mechanisms and programmes. This development is set to enhance the country’s competitiveness, drive innovation, and attract strategic investments – key elements that underpin the National Space Strategy. Moreover, Cyprus is poised to tap into extensive European funding and bolster international cooperation, thereby reaffirming its role as a reliable partner in Europe’s digital and technological future.

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Years Of Dedicated Preparation And Strategic Growth

In his address at ESA headquarters, Deputy Research Minister Damianou emphasized that this achievement is the culmination of years of dedicated preparation and cooperation with the agency. Citing the gradual progress made since the 2009 Cooperation Agreement, he highlighted recent strides in developing the necessary expertise, institutional framework, and a comprehensive legal structure aligned with international standards such as the Outer Space Treaty and the Liability Convention.

Key Infrastructure Developments And Innovations

Cyprus’ investments in its space infrastructure further underscore its commitment to becoming a significant player in the European space sector. Recent milestones include the inauguration of the Cyprus Space Research & Innovation Centre and the new Space Incubation Centre, complemented by the upcoming Earth Observation Ground Station. With over 300 days of sunshine annually and robust telecommunications, the country offers an ideal environment for hosting advanced satellite ground stations, control centres, and data gateways.

A Promising Future In European Space Leadership

The enhanced association with ESA comes at a pivotal time, particularly with Cyprus preparing for its Presidency of the Council of the European Union in early 2026. The Deputy Minister underscored that space is poised to become a key pillar in promoting Europe’s growth, competitiveness, and strategic autonomy. With this momentum, Cyprus is set to transform its space ambitions into tangible benefits for both its citizens and the broader European economy.

Commitment To Shared Progress And Cooperation

In closing remarks, both Cypriot and ESA leaders expressed deep appreciation for the collaborative efforts that made this transition possible. As ESA Director General Aschbacher congratulated Cyprus on its commitment to space and innovation, he extended a warm welcome to the citizens of Cyprus for a journey marked by discovery, technological advancement, and shared strategic benefits. With ratification by the House of Representatives in the upcoming months, Cyprus’ associate membership marks the beginning of an era characterized by expanded access to ESA programmes, funding, and collaborative opportunities across Europe’s dynamic space landscape.

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