Investor Presentaiton
CET1 at 14.7% pro forma for Helix 25
min OCR (SREP) requirement for 2020 post ECB Announcement 4
14.3%
14.6%
-0.4%
-(0.3%)-
0.1%
0.1%
14.7%
0.1%
9.7%
Group Financial Results for the nine months ended 30 September 2020
18.2%
1.6%
1.9%
14.5%
9.7%
1,2
CET1 30 Jun 1 Operating
2020
profit
Provisions and
impairments 3
RWAs
Amendments to CET1 30 Sep
capital
2020
regulations
Helix 2
CET1 30 Sep
2020 pro
AT1
T2
Total capital
ratio 30 Sep
forma for
1,2,5
Helix 2
2020
pro forma
for Helix 2
1,5
11,780
RWAS (€ mn)
11,960
RWAs intensity
56%
11,888
55%
55%
• CET1 ratio¹ positively impacted by:
•
~40 bps organic capital generation from operating profitability
~10 bps capital benefit from amendments to capital regulations in
relation to FVOCI instruments; ~10 bps benefit not yet recorded
~10 bps from release of RWAS
CET1 ratio negatively impacted by:
~30 bps from provisions and impairments
Onsite inspection by the SSM on the stock of REMU properties completed
Findings relating to a possible prudential charge of up to ~50 bps, under
review by SSM
Size and timing of impact, if any, uncertain
1)
Allowing for IFRS 9 and temporary treatment for certain FVOCI instruments transitional arrangements
2)
The CET1 ratio for 30 September 2020, including the full impact of IFRS 9 and the temporary treatment for certain FVOCI instruments
amounted to 12.8% and 12.9% pro forma for Helix 2
4)
3)
Loan credit losses and other impairments include the net change of the prudential charges relating to specific credits and other items
5)
OCR(SREP)- Overall Capital Requirement comprises the Total SREP Capital Requirement (Pillar 1 and Pillar 2
Requirement) plus combined buffer requirements (capital conservation buffer, countercyclical buffer and systemic buffers)
Calculations on a pro forma basis assume completion of the transaction
Bank of Cyprus Holdings
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