In 2023, the Bank of Cyprus saw remarkable financial success with an aftertax profit of €487 million, significant Net Interest Income increase, and a strong Return on Tangible Equity of 24.8 percent. NonPerforming Exposure remained stable at 3.6 percent, showcasing the bank’s solid liquidity and capital strength with CET1 and Total Capital ratios at 16.5 percent and 21.5 percent, respectively.
President Nikos Christodoulides envisions a reunified Cyprus in 2024, where peace, security, and prosperity prevail. His message emphasizes unity, economic revival through key sectors like tourism and energy, and a modern state prioritizing the welfare of its people, irrespective of ethnicity. This vision is a commitment to end the longstanding division and create a harmonious future for all Cypriots.
Cyprus’s top concerns regarding cybersecurity threats and economic stability include cyberattacks on vital institutions, mass influx of migrants, climate change effects, challenges to public finances and debt management, and the need for digital transformation. These issues demand strategic responses and international collaboration to safeguard the country’s economy.