Investor Presentaiton
Loan impairments main driver of profit/loss evolution
Main banks record profits in Q2-2019
• Volatile profitability due to impairments and one-off
events relating to the sale of Cyprus Cooperative Bank
and legislative changes to convert Deferred Tax Asset
to Deferred Tax Credits.
Main banks record profits in Q2-2019 as de-risking of
balance sheets continues.
• Interest income in decline along net interest margin.
Fees and commissions form the largest component of
non-interest income.
Income structure, (%)
Net profit, EUR mn
147
107
-473
-464
2014
2015
-214
2016
-721
2017
2018
Q1-2019
Net profit/loss main components, EUR mn
21,6
18,8
24,7
29,3
32,8
78,4
81,2
75,3
70,7
67,2
2014
2015
2016
Net interest income
Source: Central Bank of Cyprus
2017
Net non-interest income
1748
1619
1400
1381
1394
10491128
951
One-off events
586605
2018
2014
2015
2016
2017
2018
Operating Profit
Impairment
Negative Goodwill
98 98
Q1-2019
Tax Income
28View entire presentation