Bank of Cyprus raises 2025 target on loan growth

Bank of Cyprus Holdings

11/11/2025 07:04

Nov 11 (Reuters) - Bank of Cyprus, the island's largest lender, reported a 12% drop in its nine-month net profit on Tuesday, citing lower interest income, but upgraded its full year targets as loan growth and fee income offset pressure from falling rates.

The bank raised its 2025 return on tangible equity (ROTE) to high-teens from mid-teens and reaffirmed a 70% payout ratio for the year.

It also posted a net profit of 353 million euros ($411.67 million) for the nine months to September, down from 401 million a year earlier.

($1 = 0.8575 euros)

 (Reporting by Antonis Pothitos; Editing by Andrew Heavens)

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