Bank of Cyprus eyes dividend payments - Financial Mirror,Bank of Cyprus aims to return to substantial dividend payouts this year as it posted after-tax profits of €71.1 mln for 2022 from €29.7 mln the year before. Announcing its latest financial results, the bank said it had set a goal of creating shareholder value and returning to substantial dividend distributions from 2023 onwards, subject to regulatory approval and market conditions. The island’s largest lender had not paid a dividend since 2011 when it underwent two rounds of bailouts from depositors. It significantly increased the target for Return on Tangible Equity ( ROTE ) for 2023, with the updated ROTE
Bank of Cyprus eyes dividend payments – Financial Mirror
Bank of Cyprus aims to return to substantial dividend payouts this year as it posted after-tax profits of €71.1 mln for 2022 from €29.7 mln the year before. Announcing its latest financial results, the bank said it had set a goal of creating shareholder value and returning to substantial dividend distributions from 2023 onwards, subject to regulatory approval and market conditions. The island’s largest lender had not paid a dividend since 2011 when it underwent two rounds of bailouts from depositors. It significantly increased the target for Return on Tangible Equity ( ROTE ) for 2023, with the updated ROTE
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