Bank of Cyprus announces 2026 financial schedule and dividend proposal

Bank of Cyprus has scheduled the release of its Q1 2026 financial results for May 11, 2026, followed by the annual general meeting on May 15, 2026. Shareholders will vote on fifteen resolutions, including a proposed final cash dividend of 0.50 euros per share. When combined with the 0.20 euro interim dividend paid in October 2025, the total distribution for the 2025 fiscal year reaches 0.70 euros per share, totaling 305 million euros. The meeting agenda includes proposals for share buybacks of up to 10% of share capital and authorization for issuing new shares for acquisitions. Operationally, the bank seeks to amend its articles of association to allow shorter notice periods for extraordinary general meetings. According to the 2025 annual report, the bank projects net interest income to stabilize in 2026 as ECB deposit rates normalize toward 2%. Furthermore, the bank anticipates an annual growth in net interest income of approximately 3% for the 2026-2028 period. This growth is expected to be supported by a 4% average annual loan increase and the expansion of international operations to 2 billion euros by the end of 2028.