Investor Presentaiton
Decomposition of payment deferrals
IFRS 9 staging for expired loan payment deferrals
Private individuals: €2.02 bn¹
1.31
1.7%
1.51
Stage 1
Businesses: €3.69 bn¹
1.7%
2.65
2.40
Stage 1
Dec 2020
Mar 2021
3.6%
27.3%
0.63
0.37
0.14
0.14
•
Stage 2
Stage 3
2.1%
1.10
0.95
23.5%
0.19
0.19
Stage 2
Coverage
Stage 3
1)
2)
As at 31 March 2021; includes current accounts and overdrafts of c. €0.3 bn
Re-performing: pipeline to exit NPEs subject to meet all exit criteria; the analysis is performed on a customer basis (formerly called Non-core NPEs)
Bank of Cyprus Holdings
Group Financial Results for quarter ended 31 March 2021
•
Private Individuals
Reclassifications of €26 mn from Stage 1 to Stage 2 in 1Q2021,
mainly due to management overlays
Migration of c.€266 mn from Stage 2 to Stage 1 mainly due to
good performance of housing loans after the expiry of payment
deferrals
Businesses
.
Reclassifications of €278 mn from Stage 1 to Stage 2 in
1Q2021, mainly due to management overlays and
restructurings
Migration of €91 mn from Stage 2 to Stage 1 mainly due to
good performance after the end of payment deferrals
Adequate coverage of Stage 3 expired payment deferrals;
higher than the coverage of re-performing NPES¹ (slide 26)
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