Bank Of Cyprus Invests €6 Million In Wealthyhood Fintech Platform

Strong Financial Outlook And Strategic Expansion

Bank of Cyprus (BoC) has reaffirmed its commitment to robust growth and operational excellence through updated financial targets and capital allocation plans. The bank’s recent investor presentation highlighted its strengthened operating performance and disciplined balance sheet, paving the way for sustained profitability and strategic investments.

Strategic Investment In Wealthyhood

GlobalWealth Group PLC confirmed that Bank of Cyprus will invest €6 million in fintech company Wealthyhood Ltd. The investment will make the bank a strategic partner in the platform.

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

Wealthyhood develops digital investment tools designed to make investing more accessible through AI-supported portfolio management. The company currently operates in the United Kingdom and Greece and plans to expand to additional European markets.

Enhanced Capital Allocation And Growth Prospects

Bank of Cyprus expects a mid-teens reported Return on Tangible Equity for the 2026–2028 period. Based on a 15% CET1 ratio, this corresponds to a return above 20%. The outlook assumes a net interest margin above 270 basis points in 2026 as interest rates normalize. Growth in the loan book and fixed income portfolio is expected to support these projections. The bank also targets organic capital generation of 350 to 400 basis points annually during the period.

Optimized Dividend Strategy And Cost Discipline

The bank plans to distribute up to 90% of adjusted recurring profitability in 2026, with the potential to increase the payout to 100% in subsequent years. Distributions may include both ordinary dividends and additional payouts. Management also targets a cost-to-income ratio of around 40% and a normalized cost of risk between 40 and 50 basis points.

Investor Confidence And Future Growth

The Wealthyhood investment forms part of the bank’s broader strategy to expand digital financial services alongside its traditional banking activities. Bank of Cyprus and GlobalWealth Group will remain operationally independent while exploring opportunities for collaboration in Cyprus and other European markets.

Conclusion

With a strategic capital infusion and a clear focus on sustainable profitability, Bank of Cyprus is well-positioned to deliver robust shareholder returns. This development reflects a broader industry trend where traditional financial institutions are increasingly turning to fintech partnerships to drive digital transformation and enhance their competitive edge.

The Future Forbes Realty Global Properties

Cyprus Expected Working Life Reaches 39.5 Years, Above EU Average

by THEFUTURE.TEAM

July 20, 2026

People in Cyprus are expected to spend 39.5 years in the workforce, around two years longer than the European Union average of 37.5 years, according to the latest Eurostat data for 2025.

The figure places Cyprus among the EU countries with the longest expected working lives.

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

Cyprus Ranks Above EU Average

Only a handful of member states recorded higher figures than Cyprus. The Netherlands topped the ranking at 44 years, followed by Sweden at 43.4 years, Denmark at 42.6 years, and Estonia at 41.5 years.

At the other end of the ranking were Romania with 32.7 years, Italy with 33.0 years, Bulgaria with 34.6 years and Greece with 35.3 years.

Gender Gap Remains Wider Than EU Average

Men in Cyprus are expected to remain in work for 42.1 years, compared with 36.7 years for women. The gap of 5.4 years exceeds the EU average gender gap of 4.1 years.

Across the bloc, Lithuania, Latvia and Estonia were the only countries where women were expected to spend longer in employment than men. Finland recorded the smallest positive gender gap at 0.7 years.

Italy posted the widest gap at 8.9 years, followed by Romania at 6.9 years, Greece at 6.7 years and Malta at 6.3 years.

Working Lives Continue To Lengthen

Between 2016 and 2025, expected working life in Cyprus increased by 3.5 years, placing the country among the strongest performers in the EU over the period. Men’s expected working life rose by 3.3 years, while women’s increased by 3.6 years.

Across the EU, every member state recorded an increase. Malta posted the largest gain at 4.9 years, followed by Hungary and Ireland at 4.2 years each, and the Netherlands at 4.1 years.

Malta’s increase was driven largely by women, whose expected working life rose by 7.8 years, the biggest increase recorded across the bloc.

By comparison, Romania, Spain, Italy, Germany and Austria recorded gains of two years or less over the same period.

Women’s Working Lives Increase Faster Across Europe

Women’s expected working life increased faster than men’s in most EU countries. Denmark, Romania, Sweden and Greece were the main exceptions.

In Cyprus, gains for men and women were broadly similar, alongside Bulgaria, Belgium and Slovenia.

Breaking news