Bank of Cyprus Holdings Public Limited Company announced on Tuesday the declaration of an interim dividend of €0.20 per ordinary share, equivalent to approximately €87m.
This represents a c.40% payout ratio of the Group’s adjusted recurring profitability for the six months ended 30 June 2025.
The Interim Dividend will be paid in cash on 20 October 2025 to those shareholders on the register of members of the Company on 23 September 2025 with an ex-dividend date of 22 September 2025.
“The Interim Dividend reflects the Group’s successful execution of its ongoing commitment to deliver sustainable returns to shareholders, supported by its continued strong financial performance,” a Bank announcement said.
For the financial year 31 December 2025, the Group says it is targeting a total distribution payout ratio of 70%, being at the top-end of the 50-70% range of its distribution policy, further contributing to its strong track record of attractive shareholder returns, subject to market conditions.
Any proposed future distribution quantum, as well as envisaged allocation between the dividend and the buyback, will take into consideration market conditions, the Group’s financial performance and the outcome of the Group’s ongoing capital and liquidity planning strategy at the time, it is added.
Shareholders who wish to participate in the Interim Dividend will need to ensure that they hold ordinary shares on the Record Date. The manner in which shareholders receive their Interim Dividend will depend on how they hold their Ordinary Shares.
In particular, for persons holding their interests in Ordinary Shares indirectly through depositary interests on the Cyprus Stock Exchange (CSE), the Interim Dividend payment will be paid by way of electronic transfer to an account with Bank of Cyprus Public Company Limited or another financial institution or by cheque sent to the address registered in the Central Securities Depositary and Central Registry of the CSE (CSDCR) as at the Record date.
For DI Holders who hold their interests through participants in the dematerialised securities system operated by the CSDCR, the Interim Dividend payment will be paid through their CSDCR Participant, after the Company pays the relevant amount to the CSDCR. The Company will serve as the paying agent for the payment of the Interim Dividend to DI Holders.
For DI Holders that are customers of Bank of Cyprus Public Company Limited and are not a legal person or person holding shares in the Company through a jointly owned account on the CSDCR and do not hold their interests through CSDCR Participants, to the extent that they are 1bank subscribers and active users of the Internet Banking and/ or BoC Mobile app, may elect to receive future dividend payments (if any) by way of electronic transfer to a bank account maintained with BOC registered in their name through Internet Banking (https://online.bankofcyprus.com/Login_UI/Login and then follow the path Profile/Dividend Payments) or BoC Mobile app (Personal Information/Dividend Payments).
In the event that they are not 1bank subscribers, they may become subscribers without any charge and obtain access codes through Internet Banking or BoC Mobile app and submit their instructions.
Moreover, CSE Shareholders who are legal entities or hold their shares in the Company through a jointly owned account on the CSDCR and are BOC customers, may submit their request in writing, by completing the relevant authorisation form which can be found in the bank’s website.
Also, CSE Shareholders who would like to receive their dividend payments by way of electronic transfer to an account in another financial institution, may submit their request in writing by submitting the relevant form according to the instructions included in the form. The form can be found in the bank’s website.
For persons who hold their interests in Ordinary Shares indirectly in the Hellenic Central Securities Depository S.A. (the ‘ATHEXCSD’) and which are traded on the Main Market of the Regulated Securities Market of the Athens Stock Exchange (the ‘ATHEXCSD Shareholders’), the Interim Dividend payment will be paid through their participants in the dematerialised securities system operated by the ATHEXCSD (the ‘ATHEXCSD Participants’) after the ATHEXCSD has paid the gross amount of the Interim Dividend to the relevant ATHEXCSD Participant. Euroclear Bank will serve as paying agent for the payment of the Interim Dividend to ATHEXCSD Shareholders.
For persons who hold their interests in Ordinary Shares indirectly through the Euroclear Bank system (the ‘Euroclear System’) as CREST Depositary Interests issued in CREST (‘CDI Holders’), the Interim Dividend payment will be made to the person’s relevant CREST participant account in the Euroclear System. Euroclear Bank will serve as paying agent for the payment of the Interim Dividend to CDI Holders, it is noted.
Moreover, for persons who hold their interests in Ordinary Shares through the Euroclear System other than CDI Holders, the Interim Dividend payment will be made to the account of the person’s relevant Euroclear Bank participant in the Euroclear System (the ‘EB Participant’). Euroclear Bank will serve as paying agent for the payment of the Interim Dividend to EB Participants.
For persons who hold their interests in Ordinary Shares in book-entry form directly on the register of members of the Company (‘Registered Shareholders’), the Interim Dividend payment will be paid to the Registered Shareholders in the form of a cheque, warrant sent by post or by way of electronic transfer directly. MUFG Corporate Markets Trustees (Nominees) Limited will serve as paying agent for the payment of the Interim Dividend to Registered Shareholders.
It is finally noted that the Company is not obliged to pay any Interim Dividend payment to a qualifying shareholder if such amount is €2.00 or less (or such other amount as determined from time to time) unless that shareholder issues a notice in writing to the Company requesting the Interim Dividend payment and providing their relevant bank account details.
