Cyprus Secures €200 Million In EU Recovery Funds

by THEFUTURE.TEAM

August 19, 2024

Cyprus is set to receive a substantial €200 million from the European Union’s Recovery and Resilience Facility this autumn, a critical financial boost aimed at accelerating the island’s post-pandemic economic recovery. This funding is part of the broader EU initiative to support member states in rebuilding their economies by promoting sustainable growth, enhancing digital transformation, and advancing green energy projects.

The €200 million, a part of Cyprus’s larger allocation under the Recovery and Resilience Facility, will be directed towards a range of strategic initiatives. These include investments in renewable energy, infrastructure projects, and digitalisation efforts, all of which are vital for enhancing the country’s economic competitiveness and long-term resilience. Specifically, projects focused on green energy transition and digital innovation are expected to play a pivotal role in transforming the Cypriot economy, reducing its carbon footprint, and positioning it as a leader in the region.

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The significance of this funding cannot be overstated. As Cyprus continues to navigate the challenges posed by global economic uncertainties, this financial support provides a much-needed stimulus to drive growth and innovation. The targeted investments are not only expected to create jobs and boost economic activity but also to lay the groundwork for a more sustainable and resilient economic model.

For the Cypriot government and businesses, the timely disbursement of these funds presents an opportunity to accelerate the implementation of key projects that align with the EU’s broader goals of digital transformation and environmental sustainability. This, in turn, will help Cyprus strengthen its economic foundations, ensuring it is better prepared to face future challenges.

Moreover, the successful deployment of these funds will be crucial in maintaining investor confidence and attracting further investments, particularly in sectors such as renewable energy, technology, and infrastructure. As Cyprus positions itself as a forward-looking economy, the effective use of this €200 million will be a key determinant of its ability to sustain growth and enhance its competitiveness on the global stage.

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Eurobank’s Record €1.36bn Profit Paves The Way For Strategic Expansion

by THEFUTURE.TEAM

February 27, 2026

Eurobank reported net profit of €1.36 billion for 2025, exceeding internal targets and supporting the bank’s three-year expansion strategy focused on organic growth and international diversification. The bank said performance was driven by growth in lending, deposits, and assets under management, alongside contributions from operations outside Greece.

Remarkable 2025 Performance

CEO Fokion Karavias said earnings per share reached €0.37, with roughly half generated by non-Greek operations. The bank reported a tangible return on book value (RoTBV) of 16.0%, exceeding earlier guidance. Management highlighted continued balance-sheet expansion and stable profitability across key business segments.

Robust Financial Indicators And Shareholder Rewards

Eurobank plans to distribute 55% of annual profits to shareholders through a combination of cash dividends and share buybacks. The payout includes a cash dividend of €0.118 per share and a €288 million buyback program, bringing total shareholder distributions to approximately €717 million. Tangible book value per share rose to €2.49 at the end of 2025, up 7.8% year over year.

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Diversification And Geographic Expansion

Eurobank’s impressive performance spans across regions with substantial contributions from its operations: 52.5% of group profitability stems from its south-eastern Europe operations, while key markets such as Cyprus and Bulgaria saw adjusted net profits rise by 1.4% and 8% respectively. Strategic acquisitions, including the integration of Eurolife and consolidation moves in Cyprus, have broadened the bank’s franchise and diversified its revenue streams across banking, insurance, and asset management.

Strong Capital And Prudential Management

The bank reported a total capital adequacy ratio of 20.0% and a CET1 ratio of 15.6% at year-end. The non-performing exposure ratio declined to 2.6%, reflecting ongoing improvements in asset quality. Management said capital strength provides flexibility as interest margins adjust to the broader European Central Bank rate environment.

Strategic Vision: 2026–2028 Roadmap

Looking ahead, Eurobank is gearing up for steady growth in a relatively stable interest rate landscape. The bank targets elevating its RoTBV to approximately 17% by 2028, underpinned by an estimated annual EPS growth of 10%. Key drivers include a projected annual credit expansion of around 8%, further scaling of wealth management operations, and synergies arising from its dominant market position in Cyprus, as well as the prospects linked to euro adoption in Bulgaria.

Community Investment And Social Impact

Strong financial performance has enabled Eurobank to expand its community initiatives. The bank has strengthened demographic support programs, continued backing Greece’s startup incubator EGG, and invested in public school renovation projects in Greece. Similar initiatives are also underway in Bulgaria and Cyprus. These actions reflect the bank’s broader focus on social investment alongside business growth.

Eurobank said it will continue to balance financial performance with long-term investment priorities as it moves forward with its strategic expansion plans.

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