Successes of Bank of Cyprus in Real Estate Management
February 21, 2026
Bank of Cyprus has made significant progress in real estate sales, focusing on debt-for-property exchange agreements. Since 2019, sales have reached approximately €1.4 billion, exceeding the value of properties acquired during the same period. In 2025, the bank sold properties worth €264 million and recorded profits of €12 million. Despite a decrease in the managed property value, the bank has set goals for further reduction of its portfolio. The sales include various categories of properties, with a majority pertaining to land.