Cyprus Business Now: tourism minister, BoC shares, Oev leadership, hydrogen

Analysts covering the Bank of Cyprus have significantly raised their price targets following the release of the bank’s preliminary financial results for 2024.

All recent revisions indicate a more optimistic outlook compared to previous estimates.

A key factor driving these upward adjustments is the bank’s updated profit distribution policy.

In its preliminary results announcement, the Bank of Cyprus stated its intention to improve its profit distribution ratio for the 2025-2027