Bank Of Cyprus Profit Hits €481 Million In 2025

Bank of Cyprus approved its audited financial results for the year ended December 31, 2025. The board confirmed the group’s financial statements and performance for the period.

Robust Financial Highlights And Strategic Investments

The report covers Bank of Cyprus Group, including Bank of Cyprus Public Company Limited and its subsidiaries. Profit after tax reached €481 million, with €128 million recorded in the fourth quarter. New lending totaled €3 billion, up 23% year over year, driven by corporate and international demand. Gross performing loans increased 8% to €10.9 billion, while deposits rose to €22.2 billion, supported primarily by retail customers.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Operational Excellence And Capital Strength

Panicos Nicolaou, CEO of Bank of Cyprus, said the 2025 results reflected strong financial and operational performance. The bank maintained a cost-to-income ratio of 37%. Liquidity coverage ratio stood at 321%, with surplus liquidity of €9.2 billion. Return on tangible equity reached 18.6%, while basic earnings per share were €1.10.

Risk Management And Corporate Governance

The report outlines risk management across credit, liquidity, market, and operational areas, as well as exposure to geopolitical, cybersecurity, and climate-related risks. Transactions with related parties were conducted on standard commercial terms and remained below 1% of the group’s net assets.

Compliance And Reporting Excellence

Financial statements were prepared in line with IFRS as adopted by the European Union and applicable national legislation. The board confirmed that the results present a true and fair view of the group’s financial position. Internal controls, fraud prevention systems, and sustainability reporting frameworks remain in place.

Looking Ahead

Recent initiatives include a minority investment in Wealthyhood and the acquisition of a performing loan and deposit portfolio from Cyprus Development Bank Public Company Limited. Management said the bank will continue to focus on lending growth and capital strength. The full report is available on the company’s website.

The Future Forbes Realty Global Properties

Plug And Play Cyprus Debuts As A Catalyst For Global Innovation

by THEFUTURE.TEAM

April 9, 2026

International Collaboration For A Digital Future

Plug and Play Cyprus was officially launched at an event held at the Presidential Palace in Nicosia. The initiative is aimed at strengthening collaboration between international investors, startups, and the local innovation ecosystem, expanding Cyprus’s role in global technology networks.

Government Endorsement And Strategic Vision

The event brought together government officials, representatives from Plug and Play Tech Center, and key stakeholders from the technology and entrepreneurship sectors. Dr Nicodemos Damianou, Deputy Minister of Research, Innovation and Digital Policy, said the initiative reflects Cyprus’s approach to attracting high-value investment and strengthening links with global innovation networks. He added that the focus includes building partnerships with international stakeholders and supporting the development of modern production capabilities.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

A Bridge To Global Markets

Minister Ireni Piki said the platform connects international capital with local entrepreneurs and global technology networks. She noted that the initiative is intended to support collaboration, improve access to international markets, and facilitate partnerships that contribute to economic growth and innovation. The platform also reflects ongoing efforts to align Cyprus’s investment strategy with global market dynamics.

Plug And Play Tech Center: A Global Powerhouse

Plug and Play Tech Center, founded in 2006, operates as a global innovation platform and startup accelerator with presence across multiple international locations. The organisation connects startups with corporations, venture capital firms, and public sector entities, providing access to global networks, investment opportunities, and commercial partnerships.

Driving Economic Resilience Through Innovation

Innovation and investment remain key elements of economic development, particularly in a period of geopolitical uncertainty. Plug and Play Cyprus is expected to support startups and SMEs by improving access to funding, international partnerships, and market opportunities, while strengthening links between local companies and global investors.

Noteworthy Achievements In The Cypriot Innovation Landscape

Damianou said Cyprus ranks 25th in the Global Innovation Index and 15th in the StartupBlink Innovation Business Environment Index, while also ranking among the leading ecosystems in Southern Europe. The startup ecosystem recorded 28% growth over the past year, positioning Cyprus among the faster-growing markets in Europe.

Accelerating Market Readiness And Commercial Success

Seena Amidi, Managing Partner at Plug and Play Tech Center, said the platform supports startups in testing their products across different markets. He explained that the approach focuses on market validation and helping companies build commercial partnerships, allowing startups to adapt quickly to different market environments.

Positioning Cyprus As A Global Innovation Hub

Cyprus continues to expand its startup ecosystem, supported by both local and international entrepreneurial activity. Plug and Play Cyprus is expected to strengthen connections between startups and global investors, contributing to further development of the country’s innovation and investment environment.

Breaking news