Cyprus Banks' Q1 Profit Falls 23.6% to €202 Million as Assets Edge Up 0.4%

1 articles · Updated · Cyprus Mail · Jun 13

€202 million in banking profit was recorded in Cyprus in Q1 2026, down €62 million from €264 million a year earlier, according to updated Central Bank of Cyprus sector data.
The 23.6% drop was driven mainly by lower net interest income and losses from foreign exchange differences, the central bank said.
Total banking-sector assets still rose by €274 million, or 0.4%, during the first quarter, showing balance-sheet growth despite weaker earnings.
Separate CBC data showed non-performing loans stood at €835 million at end-March against a €51.3 billion loan portfolio, unchanged in volume from December 2025 but measured against a smaller book.