Investor Presentaiton
Cyprus operations: key driver of Group performance
High NIM Cyprus operations - supported by high
funding reliance on Eurosystem funding
Lower Cost to Income ratio for Cyprus operations
(bps)
423
377
372 384
379 386
369
354
50%
314
43%
38%
FY2014: 385
FY2013:
353
1H2015:
379
35%
35%
35%
33%
31% 31%
1H2013 3Q2013 4Q2013 1Q2014 2Q2014 3Q2014 4Q2014 1Q2015 2Q2015
1H2013 9M2013 FY2013 1Q2014 1H2014 9M2014 FY2014 1Q2015 1H2015
Historical fee and commission income / total income
for Cyprus operations
Total income (€ bn)
Evolution of Cost of risk* for Cyprus operations
3,9%
0,7
19%
1,0
13%
0,29 0,30
14% 12%
0,25 0,27 0,26 0,25
15% 12% 16% 14%
3,7%
3,7%
1,9% 2,4%
2,4%
2,2%
81%
87% 86% 88% 85% 88% 84% 86%
1,7%
1,5%
1H2013 9M2013 FY2013 1Q2014 1H2014 9M2014 FY2014 1Q2015 1H2015
2012
2013
1Q2014 2Q2014 3Q2014 4Q2014 1Q2015 2Q2015
Other income Fee and commission income
Calculated as the provisions for impairment of customer loans, including provisions of discontinued operations, (in total €493 mn), net
of gains on derecognition and changes in expected cash flows on acquired loans (totalling €230 mn) over average gross loans. Gross
loans are before the deduction of the fair value adjustment on initial recognition relating to loans acquired from Laiki Bank.
Bank of Cyprus
KOINO
WKYNPIW
36View entire presentation