Strong profits and deposits boost Cyprus and Greece’s leading banks

The largest banks in Cyprus and Greece successfully exceeded all their financial targets for 2024, demonstrating robust profitability and strengthened balance sheets.

According to preliminary results released by the two largest Cypriot banks and the four largest Greek banks, all institutions reported solid profit growth and improved financial stability.

Net interest income, the primary source of revenue, increased at a steady rate of around 4 per cent, with Hellenic Bank