Bank of Cyprus Credit Ratings and Financial Position
1)
2)
Well diversified loan portfolio with high quality collateral
Gross loans (excluding legacy)1 by business sector of €9.90 bn
€ bn
Private
Individuals
Hotels &
Catering
Real Estate
Trade
Professional
0.66
& Other services
Other sectors
0.69
Construction
0.50
Manufacturing
0.38
0.90
1.20
1.11
Housing
3.79
Other
0.67
4.46
Private individuals
Private individuals
Business
LTV2
housing
€3.79 bn
other
€0.67 bn
€5.44 bn
<80%
91%
34%
73%
>80%
9%
66%
27%
Gross loans as at 31 March 2023 of Corporate (incl. IB and W&M, Large corporate and International corporate), SME and Retail
Loan to Value (LTV) is calculated as the Gross IFRS Balance to the indexed market value of the property. Under Pillar 3 disclosures LTV is calculated as the Gross IFRS Balance to the indexed market value of collateral. Collateral takes into
consideration the mortgage amount registered in the land registry plus legal interest from registration date to the reference date
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