• Bank of Cyprus Holdings posted 1Q 2026 profit after tax of EUR 121 million, up 3% year-on-year, while basic earnings per share edged up to EUR 0.28 from EUR 0.27.
• Total income slipped 2% year-on-year to EUR 250 million as net interest income fell 3% to EUR 181 million, with net interest margin narrowing 32 basis points to 2.81%.
• Asset quality improved as non-performing exposure ratio eased to 1.1% from 1.2% at end-2025, while loan credit losses swung to a net release of EUR 5 million from a EUR 10 million charge a year earlier.
• New lending rose 9% quarter-on-quarter to EUR 829 million, with gross loans up 2% quarter-on-quarter to EUR 11.19 billion while customer deposits were broadly flat at EUR 22.26 billion.
• Management said 2026 started strongly with profit above its mid-teens full-year return target, while announcing agreements to buy about EUR 150 million of performing loans and about EUR 500 million of deposits from Cyprus Development Bank and to acquire a 26% stake in Wealthyhood.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bank of Cyprus Holdings plc published the original content used to generate this news brief on May 10, 2026, and is solely responsible for the information contained therein.