Bank of Cyprus' management is ready to face geopolitical uncertainty, relying on its high capital adequacy and liquidity and its disciplined balance sheet, the lender's CEO said on Wednesday.
Panicos Nicolaou made the statement during an update on the 2026-2028 business plan, which foresees an increase in the profit distribution rate to shareholders to 90% for the 2026 profits – from 70% in 2025 – and up to 100% in the next two years.
This goal is combined with maintaining high levels – close to 15% – of the basic CET1 capital adequacy ratio, from 21% in 2025 (one of the eurozone's highest) and a return on tangible equity of over 20%.
