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Cyprus banks stay profitable in 2025 despite earnings decline from record highs

A mixed year for Cyprus’ lenders: some thrive while giants like Bank of Cyprus see profits shrink. What’s behind the shifting financial tide?

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2025 November 20 . 11:22 AM

1 min read

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Cyprus banks stay profitable in 2025 despite earnings decline from record highs

Cyprus’ banking sector remains profitable in 2025, though overall earnings have dipped from previous years. The three largest systemic banks reported combined net profits of over €750 million for the first nine months alone. However, total net profits for the entire system are projected to reach around €800 million—well below the €953 million recorded in both 2023 and 2024.

Bank of Cyprus, the island’s largest lender, saw its net profits fall to €353 million for the first nine months of 2025. This marks a decline from the €401 million earned in the same period of 2024. Despite the drop, the bank continues to generate strong returns.

The banking system’s net profits for 2025 are forecast to land at €800 million, down from previous highs. While individual banks like Eurobank show growth, others, including Bank of Cyprus, have experienced declines. The sector’s performance reflects a mixed but still robust financial landscape.