Bank of Cyprus says nine-month profit after tax up 15% on year

Bank of Cyprus Holdings

12/11/2024 07:13

NICOSIA, Nov 12 (Reuters) - Cypriot lender Bank of
Cyprus  BOCr.AT  reported a 15% increase in nine-month profit
after tax of 401 million euros ($426.46 million) compared with
the same period last year, it said on Tuesday.
    The bank said it was targeting a 50% payout ratio for 2024,
up from 30% in 2023. 
    Profit after tax from June to September 2024 came in at 137
million euros, 5% lower than the second quarter of the year.    

($1 = 0.9403 euros)

 (Writing by Michele Kambas, Editing by Louise Heavens)
 ((michele.kambas@thomsonreuters.com;))