Nicosia, Cyprus. The Bank of Cyprus held its annual general meeting on Friday, with shareholders approving all resolutions and confirming a €0.50 per share dividend. Separately in Nicosia, Energy, Commerce and Industry Minister Michalis Damianou said Cyprus has placed strengthening the EU Single Market at the centre of its EU Presidency agenda.
Shareholders approve resolutions and dividend
The Bank of Cyprus said shareholders granted full approval for all proposals tabled by the board, including the financial statements for 2025 and the distribution of a final dividend of €0.50 per share. Shareholders also re-elected the management team.
Board reconstituted after meeting
Immediately after the meeting, the board of directors was reconstituted, with Takis Arapoglou re-elected as chairman, George Syrichas appointed vice-chairman and Adrian Lewis named senior independent director.
CEO cites profitability and capital position
Group chief executive officer Panicos Nicolaou said 2025 represented another strong year for the bank, citing €481 million in profitability and a return on tangible equity of 18.6 per cent, supported by a CET1 capital ratio of 21 per cent.
Minister outlines EU Presidency focus and global challenges
Damianou made his comments during a keynote address at the “Shaping Europe’s Growth and Competitiveness” conference in Nicosia. The event was organised by the Institute of Chartered Accountants in England and Wales (ICAEW) along with the Institute of Certified Public Accountants of Cyprus (ICPAC).
He told the conference that Europe stands at a decisive crossroads in a rapidly evolving global environment. “We operate in an environment shaped by geopolitical instability, technological disruption, the climate transition, energy uncertainty and increasingly intense global competition,” he said.
What do you see as the most important priority for Cyprus during its EU Presidency?
