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Bank of Cyprus posts nine-month profit of €349 million — group performance ‘well ahead of targets’
November 13, 2023
The Bank of Cyprus on Monday reported robust financial results for the nine months ending September 30, 2023, posting an after-tax profit of €349 million, combined with a strong quarterly performance, while highlighting a liquid, resilient balance sheet.
“We have delivered another quarter of strong profitability, achieving an ROTE of over 20 per cent for the third consecutive quarter, demonstrating the group’s continuing ability to generate sustainable profitability and shareholder value creation,” Bank of Cyprus CEO Panicos Nicolaou said.