Strong profitability expected for Eurobank, Bank of Cyprus and Alpha Bank

The Bank of Cyprus is expected to deliver another strong quarter, with analysts forecasting robust profitability and the potential for generous shareholder distributions, as Greek and Cypriot banks continue to benefit from credit expansion, resilient interest income and rising fee revenue.

According to a report by Alpha Finance-AXIA, the findings of which were shared by Newmoney, investor attention has already shifted beyond second-quarter earnings towards the possibility of banks upgrading...