Bank of Cyprus first-half net profit falls 13% as lower rates hit interest income, costs rise

Bank of Cyprus Holdings

05/08/2025 07:21

Aug 5 (Reuters) - Cypriot lender Bank of Cyprus BOCH.CY on Tuesday reported a 13% year-on-year decline in net profit for the first six months of 2025, as lower interest rates reduced net interest income, while expenses rose compared to the previous year.

The bank said its first-half net profit stood at 235.8 million euros ($272.25 million), down from 271.4 million euros in the same period last year, despite gains from non-interest income and loan growth.

($1 = 0.8661 euros)

 (Reporting by Antonis Pothitos; Editing by Kirsten Donovan)

 ((antonis.pothitos@thomsonreuters.com; +48 58 769 65 78;))