Bank Of Cyprus Holdings Public Limited Company (BOCH) AGM 2026 summary

Opening remarks and agenda

• The meeting was opened with welcomes from the Chairman and acknowledgment of shareholders and guests, with 43 shareholders present representing 32.25% of share capital.

Financial performance review

• 2025 saw strong profitability: EUR 481 million profit after tax, 18.6% return on tangible equity, and CET1 ratio of 21%.

• Dividend payout ratio increased to 70%, with EUR 305 million distributed, a 25% increase year-on-year.

• Cumulative dividends over two years reached EUR 550 million.

• Record new lending of EUR 3 billion, 8% increase in gross performing loans, and deposit base up 8% to EUR 22.2 billion.

• Cost efficiency ratio improved to 37%, and NPE ratio fell to 1.2%.

• Q1 2026 profit after tax was EUR 121 million, with continued strong capital and liquidity ratios.

Dividend announcements

• 2025 dividend of EUR 0.70 per share, with interim and final dividends, representing a 45% increase in cash dividend year-on-year.

• Payout ratio targets: up to 90% for 2026, and up to 100% for 2027 and 2028, subject to market conditions.