Investor Presentaiton
Group Financial Results for the nine months ended 30 September 2020
2 Revenue Growth: Profitable Insurance business with further opportunities
to grow
EuroLife
KOINO
WKYПPI
ENK
Key operational shifts and growth targets
Widen target market by offering more basic and appealing
products/services to extend customer base
Market leader1 in Life insurance
34%
-26%
24%
22%
20%
Market share
(Life & Health
regular)
☐
•
New distribution philosophy through enhanced agency force to
accelerate new business
.
Leverage on Bank's strong franchise and customer base
Improve cost efficiency through digitalisation capabilities
13%
contribution
to non
interest
income
1)
As at 31 December 2019
2)
Total regular income includes Yearly Renewable Gross Written premiums and occupational pension contributions
Bank of Cyprus Holdings
Eurolife
Peer 2
Peer 3 Other
market
players
Medium-
term
target
Sustainable healthy
profitability
>
PBT
€ mn
aiming to further grow capturing
fair share based on bank base
Total regular income growth²
€ mn
14
13
120
11
104
111
>35%
9M2018 9M2019 9M2020
FY2017 FY2018 FY2019 Medium-
term
target
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