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Cyprus Banks Enter New Growth Phase As Lending Picks Up

Major banks in Cyprus and Greece remained highly profitable in the first half of 2026, even as interest rates continued to decline. The four major Greek banks generated around €2.5 billion in combined profit, while including Bank of Cyprus brings the total to roughly €2.8 billion.

The results point to a changing environment for the sector. As interest rates become less supportive, stronger lending, fee income, international operations and improved efficiency are playing a bigger role in earnings.

Strong Results Across The Sector

Eurobank reported €738 million in first-half net profit, rising to €776 million on an adjusted basis, with return on tangible equity at 16.6%. Its Cyprus operations contributed €231 million, although that was 7.7% below the previous year.

Bank of Cyprus posted €252 million in after-tax profit, up 7% year-on-year, while return on tangible equity reached 18.8%. Net interest income remained broadly stable at €369 million despite lower rates, supported by loan and deposit growth, lower funding costs and hedging.

The bank’s performing loan portfolio reached about €11.4 billion. It also announced an interim dividend of €0.24 per share, worth approximately €105 million.

Greek Banks Keep Lending

National Bank of Greece reported €661 million in profit, up 3%, with adjusted return on tangible equity at 15.5%. Strong lending and higher fee income supported upgrades to several 2026 targets.

Piraeus recorded a record €617 million in first-half profit, while its loan portfolio expanded by €1.8 billion.

Alpha Bank reported €497 million in profit, with normalised earnings of around €500 million. Fee income was a particularly strong contributor, while lending growth supported net interest income.

A Shift Beyond Interest Income

With rates moving lower, banks are increasingly relying on credit expansion and fee-generating businesses to maintain profitability. Business lending is becoming a key growth driver, while services such as investment products, cards and insurance are providing additional revenue.

Strong capital positions are also allowing banks to increase shareholder distributions. Bank of Cyprus plans to distribute 70% of its 2026 profit and has indicated there could be room for an additional payout. Its interim dividend is 20% higher than a year earlier.

Dictionary.com Names ‘Maxxing’ Its Word Of The Year For 2026

Dictionary.com has named “maxxing” its Word of the Year for 2026, reflecting a growing online trend of optimising almost every aspect of life, from health and appearance to work and leisure.

The choice follows last year’s selection of “6-7”, a phrase popularised by younger internet users. Unlike that expression, “maxxing” has spread beyond niche online communities into everyday social media language.

From “Looksmaxxing” To Mainstream Usage

Derived from “maximising”, “maxxing” describes doing something to the fullest or optimising it as much as possible. According to Dictionary.com, its roots lie in phrases such as “maxing out” a credit card and gaming terminology.

During the 2010s, the term gained traction in manosphere and incel communities through “looksmaxxing”, referring to efforts to improve physical attractiveness through fitness, grooming and, in some cases, more extreme measures.

The word later became associated with controversial manosphere influencers, including livestreamer Braden Peters, known as Clavicular, who promotes an intense focus on male appearance.

A Broader Meaning

Younger social media users have since expanded “maxxing” beyond its original associations. Searches for the term surged in August as it became a label for everything from wellness routines to workplace habits. It is also used ironically to poke fun at the pressure to constantly improve.

“Maxxing is the linguistic manifestation of a culture increasingly preoccupied with getting the most out of everything,” said Steve Johnson, director of lexicography for Dictionary Media Group at IXL Learning.

Johnson noted that the term can signal enthusiasm for self-improvement, exaggerate it for humour or reject the idea of constant optimisation altogether. Examples include “proteinmaxxing” at breakfast, “tokenmaxxing” with AI tools at work and “cozymaxxing” on a Friday night.

The Many Forms Of “Maxxing”

The term has generated numerous variations. “Softmaxxing” refers to relatively modest appearance improvements, such as a new haircut, while “hardmaxxing” describes more extreme approaches, including severe dieting or cosmetic procedures. “Jestermaxxing” involves using humour to gain social acceptance or online attention, while “sleepmaxxing” focuses on improving sleep quality or duration.

These variations show how the language of optimisation has spread across personal identity, health, social status and leisure.

The Pressure To Do More

The popularity of “maxxing” also reflects a wider tension between self-improvement and the expectation to make every activity more productive. In the workplace, “tokenmaxxing” describes employees being encouraged to use AI tools as much as possible, turning technological adoption into another measure of performance.

The term captures a culture in which ordinary activities can become opportunities for measurable gains, even as some people use the language to question that pressure.

Other Words On The Shortlist

Other candidates for Dictionary.com’s 2026 Word of the Year included “affordability”, “data center”, “odyssey” and “unc”.

Interest in “odyssey” may have been boosted by Christopher Nolan’s film The Odyssey, while “unc”, short for “uncle”, is used by Gen Z and Gen Alpha to describe someone older who is perceived as out of touch or uncool.

“Maxxing” ultimately stands out for capturing a defining online impulse: to optimise everyday life, share the process and keep striving for more.

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