Investor Presentaiton
REMU - the engine for dealing with foreclosed assets
Total Book Value Sales of €10 mn for 2Q2020
REMU focuses now on sales
BV € mn
€ mn
160
88
Group Financial Results for the six months ended 30 June 2020
Investment Properties
1,490
30
(24)
(29)
1,456
(11)
112
112
62
67
48
1,378
1,344
14
10
2Q2019 3Q2019 4Q2019 Cyreit Nicosia 1Q2020 2Q2020
Mall
Properties
managed by REMU
Additions
Sales
as at 01 Jan 2020
Encouraging trends in Real Estate Market;
property prices up 1.8% in 1Q20203
Properties
managed by REMU
as at 30 Jun 20201
Sales contracts (excl. DFAs) in 1H2020 down 41% yoy 4 reflecting COVID-19 lockdown
Impairment loss &
fair value losses
Transfer to non-
current assets and
disposal groups
held for sale
110.0
90.0
70.0
50.0
30.0
4.0
Central Bank Residential Property Price index
2.2
1.8
2.0
78.3 78.6
0.0
00
-2.0
10.366
9.242
8.734
-41%
5.885
5.560
3.272
4.481
-4.0
Q42015 Q22016
Residential Propert Price index (2010Q1=100)
Q42016 Q22017 Q42017 Q42018 Q22019 Q42019
% change y-o-y (RHS)
2008 2009 2010 2011 2012 2013 2014 2015 2016
Sales to Cypriots Sales to non-Cypriots
2017
2018 2019 1H20191H2020
(1) In addition to assets held by REMU, properties classified as "Investment properties" with carrying value of €23 mn as at 30 June 2020
relate to legacy properties
(2) Stock of property with a carrving value of €11 mn as at 30 June 2020 was transferred to non-current assets and disposal groups held for
Bank of Cyprus Holdings
sale as it was included in the Helix 2 portfolio
(3) Based on Residential price index published by Central Bank, dated 19 August 2020
(4) Based on data from Land of Registry- Sales contracts
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