Eurobank Cyprus Posts €367 Million Pre-Tax Profit for First Nine Months of 2026

Nicosia, Cyprus. Eurobank’s Cyprus operations made a profit before tax of €367 million between January and September 2026, according to interim financial statements published on Monday. Across the group, net profit attributable to shareholders increased to €1.16 billion.

Revenue breakdown

The Cyprus business produced €733m in external revenue over the nine months, a major part of the group’s international activity, which also covers Bulgaria, Luxembourg and other markets. Net interest income in Cyprus came to €579m, net banking fee and commission income to €98m, and other net revenue to €56m.

Related: Alpha Bank international arm reports 13% rise in normalised nine-month profit despite Cyprus provisions

RelatedAlpha Bank international arm reports 13% rise in normalised nine-month profit despite Cyprus provisions

Eurobank’s international operations as a whole brought in €1.23bn in external revenue. Cyprus made the largest contribution, followed by Bulgaria with €437m and Luxembourg with €54m.

Balance sheet and costs

At the end of September, the Cyprus segment held assets of €29.43bn and liabilities of €25.94bn. Operating expenses in Cyprus totalled €259m, and impairment losses on customer loans were €23m.

The segment also booked €8m in other impairments and risk provisions, €49m in restructuring costs and a special tax levy on credit institutions of €27m.

Integration and reorganisation

The restructuring costs relate to the continuing reorganisation and integration of Eurobank’s Cypriot operations. The bank acquired the former CNP Cyprus subgroup in April 2025, and Eurobank Ergasias Services and Holdings was later merged with Eurobank SA in December 2025.

Within the nine-month period, the group recognised €10m in costs specifically tied to the reorganisation and integration of its Cyprus business, against €11m in the same period of 2025.

In March 2026, Eurobank Limited also introduced a voluntary exit scheme for staff of the bank and its insurance subsidiaries. The scheme forms part of efforts to improve operational efficiency and streamline the organisational structure.