profit growth — The National Bank of Greece (NBG) has reported impressive profit growth in Cyprus, with operating profits reaching €23.6 million for 2025, marking a significant 39 per cent increase compared to the previous year.
- NBG's achievements in Cyprus not only signify financial success but also demonstrate the bank's commitment to fostering economic development in the region.
In a statement, NBG highlighted its strong growth trajectory, attributing this success to the consistent implementation of its strategy and its proactive role in supporting the local economy. The bank’s performance reflects the effective execution of its operational plans and an improvement in efficiency.
Profit growth: New Lending Fuels Expansion
A major contributor to this growth has been new lending, which amounted to €1.3 billion in 2025. This lending has been described as the primary driver of the bank’s expansion, reinforcing its role in financing local and international businesses and investments.
Asset Growth and Financial Strength
NBG also reported a remarkable increase in total assets, which rose to €2.7 billion, reflecting a 128 per cent annual growth. This significant asset accumulation underscores the bank’s robust financial health.
The institution maintains a strong capital position, with a Common Equity Tier 1 (CET1) ratio of 19.7 per cent, ensuring stability and resilience in its operations. Furthermore, the bank’s asset quality remains high, with a non-performing exposures (NPE) ratio of just 0.7 per cent, improved by 110 basis points over the year.
Leadership Insights on Performance
George Agioutantis, the bank’s chief executive officer, commented on the results, stating, “The results confirm that the strategy we set is delivering in practice.” He emphasised that the new lending figures demonstrate NBG’s commitment to being a reliable financier in both local and international markets.
Agioutantis also expressed a vision for the future, noting that this performance strengthens the bank’s strategic direction for continued growth in Cyprus, aiming to position NBG as the preferred bank for local entrepreneurs.
Commitment to Efficiency and Growth
Chief financial officer Paola Ioannou Michalia added that the profitability and improved efficiency indicators reflect a disciplined approach to cost management. “We maintain a healthy and resilient balance sheet, with strong capital adequacy that allows us to support growth with safety and consistency,” she stated.
NBG’s achievements in Cyprus not only signify financial success but also demonstrate the bank’s commitment to fostering economic development in the region.
