Nicosia, Cyprus. Eurobank reported net profit of €738 million for the first half of 2026 and raised its full-year outlook following stronger-than-expected performance. Its Cyprus operations contributed €231 million in adjusted net profit.
Group performance
Adjusted net profit reached €776 million, up 9.2 per cent year on year. Earnings per share stood at €0.20, while return on tangible book value reached 16.6 per cent.
Eurobank chief executive Fokion Karavias said the group had continued to deliver strong results despite geopolitical uncertainty and renewed tensions in the Middle East.
“Despite persistent geopolitical uncertainty and renewed tensions in the Middle East, the economies of our core markets have remained on a solid growth trajectory,” Karavias said.
Markets and lending
Karavias said the Greek economy had remained resilient, supported by investment activity, tourism and continued expansion in business lending.
“In Cyprus and Bulgaria, economic sentiment and growth remain also robust,” he said.
The bank’s non-Greek operations, including Cyprus and Bulgaria, generated €361 million in adjusted net profit, accounting for 46.5 per cent of group profitability.
Cyprus and Bulgaria operations
The Cyprus operation recorded adjusted net profit of €231 million, down 7.7 per cent compared with the first half of 2025. Bulgaria’s adjusted net profit increased by 7.8 per cent to €119 million.
Karavias said Eurobank continued to support economic growth through lending expansion across its markets. The loan book expanded by 10 per cent annually in the first half and by €1.6 billion in the second quarter, while managed funds increased by €2.5 billion on a yearly basis.