National Bank of Greece Posts Strong Profit Growth in Cyprus for 2025

The National Bank of Greece (NBG) has reported operating profits of €23.6 million in Cyprus for 2025, representing a year-on-year increase of 39 per cent as the bank continues to expand its presence and lending activity in the Cypriot market.

In its announcement, the bank said it “records, for yet another year, a strong growth trajectory, confirming the consistent implementation of its strategy and its active role in supporting the economy”.

According to the institution, the improved financial performance was driven by “the consistent execution of strategy and the improvement of operational efficiency”.

NBG also highlighted a substantial increase in lending activity during the year, reporting that new lending reached €1.3 billion in 2025. The bank described lending activity as “the main driver of the bank’s growth and strengthening its active role in financing businesses and investments, both locally and internationally”.

At the same time, total assets climbed to €2.7 billion, reflecting a sharp annual increase of 128 per cent.

The bank further emphasized that it continues to maintain a strong capital base, reporting a Common Equity Tier 1 (CET1) ratio of 19.7 per cent.

Asset quality also remained at high levels, according to the bank, with the non-performing exposures (NPE) ratio falling to 0.7 per cent after declining by 110 basis points compared with the previous year.

Chief executive officer George Agioutantis said the latest financial results demonstrate that the bank’s long-term strategy is producing tangible results in the Cypriot market.

“The results confirm that the strategy we set is delivering in practice,” Agioutantis stated.

“New lending in 2025, amounting to €1.3 billion, reflects our role as a reliable financier of both the local and international market,” he added.

He also said the bank intends to continue expanding its position in Cyprus and strengthen relationships with local businesses and entrepreneurs.

“This performance strengthens the bank’s strategic direction for further growth in the Cypriot market, with the aim of establishing it as the bank of first choice for Cypriot entrepreneurs,” he continued.

Chief financial officer Paola Ioannou Michalia also commented on the bank’s financial performance, saying that the institution’s profitability and improved efficiency metrics reflect disciplined operational management and careful cost control.

“We maintain a healthy and resilient balance sheet, with strong capital adequacy that allows us to support growth with safety and consistency,” she added.

The latest results underline the National Bank of Greece’s continued expansion in Cyprus, supported by increased lending, stronger operational efficiency, and improved asset quality as the bank seeks to further strengthen its position within the country’s banking sector.

By fLEXI tEAM