Bank of Cyprus Holdings Public Limited Company Q3 2025 Earnings Recap

Bank of Cyprus reported stable earnings for the first nine months of 2025, with strong net interest income and an upgraded return on tangible equity (ROTE) target, reflecting robust operational efficiency and capital strength.

Key Takeaways

• Net interest income for Q3 remained resilient at EUR 180 million, supported by strong volume growth and effective hedging strategies.
• ROTE exceeded 18.4%, with a CET1 ratio above 20%, allowing for an attractive 70% earnings distribution.
• The bank successfully refinanced EUR 300 million in subordinated Tier 2 notes, reducing funding costs and enhancing capital ratios.
• Asset quality improved, with the non-performing exposure (NPE) ratio at 1.2% and a cost of risk at 33 basis points.
• The bank's deposit base grew 3% quarter-on-quarter, signaling sustained customer confidence amid a favorable economic backdrop.