Nicosia, Cyprus. The National Bank of Greece (NBG) reported operating profits of €23.6 million in Cyprus for 2025, up 39% year-on-year. The bank said the results reflect strategy execution and improved operational efficiency.
Profit growth and strategy
NBG 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.” The bank attributed the profit increase to “the consistent execution of strategy and the improvement of operational efficiency.”
Lending and asset expansion
The bank reported new lending of €1.3 billion in 2025, calling it “the main driver of the bank’s growth and strengthening its active role in financing businesses and investments, both locally and internationally.” It also said total assets rose to €2.7 billion, a 128% increase on an annual basis.
Capital position and asset quality
NBG said it maintains a strong capital position, with a Common Equity Tier 1 (CET1) ratio of 19.7%. It added that asset quality remains at very high levels, with a non-performing exposures (NPE) ratio of 0.7%, reduced by 110 basis points year-on-year.
CEO comments
Chief executive officer George Agioutantis said the results confirm the bank’s strategy is “delivering in practice.” He said new lending of €1.3 billion reflects its role “as a reliable financier of both the local and international market,” adding that the performance supports further growth in Cyprus with the aim of becoming the bank of first choice for Cypriot entrepreneurs.
What do you think the reported rise in new lending signals for business financing in Cyprus?