financial performance capital adequacy

Eurobank Cyprus Achieves Record Profits in 2023

Eurobank Cyprus achieved record aftertax profits of €199.4 million in 2023, a 111% increase from the previous year, through operational efficiency, cost management, and strategic growth. The bank’s costtoincome ratio improved to 18%, capital adequacy ratios exceeded regulatory requirements, and it focused on digital transformation and wealth management, while adhering to ESG initiatives.