bank of cyprus holdings on thursday lifted its financial guidance for 2023 and 2024 as it expects interest rates to remain high for longer before slowing down in 2025 the lender now targets a return on tangible equity of over 17 in 2023 and 14 in 2024 up from its previous guidance of above 13 per year it expects net interest income to exceed 650 million euros 6955 million in 2023 and slip to over eur625 million for 2024 the londonlisted group said it had previously guided for a figure between eur520 million and eur550 million for 2023 cost to income ratio previously seen in the mid40s is now expected to fall below 40 for 2023 and then edge up to around 40 in 2024 due to lower rates assumptions for 2025 the bank said it sees net interest income falling below 2024 for the year and expects to generate a return on tangible equity of over 13 it added it sees its cet 1 ratio standing at around 19 by the end of 2025 given the increased returns built up in the two year period and a strong organic capital generation of between 200 and 250 basis points per year