Restructuring Plan and Exit from Resolution
5 Restructuring Plan
Overseas and non-core subsidiaries
• Set immediate
.
targets for overseas
subsidiaries to
become self-funded
and profitable
Strategy for
overseas and non-
core subsidiaries
• Immediate action for
subsidiaries and
repossessed
properties in Greece
Integrate part of
Laiki-UK operations
into BOC-UK
• Created International Operations Division to manage overseas
operations
Set targets for subsidiaries to become self-funded and
improve performance to reduce exposure mainly to Russia and
Ukraine
Appointed advisor to consider strategy for Ukraine
Investigating investor interest for real estate in Cyprus
• Sale of Asset Management Company in Greece (AEDAK);
Considering offers for Brokerage and Insurance Companies
Ongoing actions:
Defining strategy for countries with BOC presence and assess
opportunities and timing to exit such markets.
Setting-up a real estate fund for ~600 repossessed properties in
Greece valued at 220 mn
Assessing opportunities to sell part of Laiki-UK loans, with
remaining being integrated into BOC-UK (with deposits)
Bank of Cyprus
KOINO
KYMPI
14View entire presentation