Investor Presentaiton
Balance Sheet* Deleverage
Shrinking to Strength strategy is successfully coming to an end
€ mn
Jun
2013
Dec
2013
Jun Sep Dec
2014 2014 2014
Mar
2015
Jun
2015
Sep
2015
Change
Since
Jun 2013
Cash & bank
placements
3.012
2.530 1.973
2.417
2.908
2.748 2.558 2.385
-627
Investments
3.413
Net Loans
Other assets
Total assets
3.433 3.538 2.578
23.769 21.764 20.063 19.794
2.762
32.956 30.349 28.558 27.483
2.541
2.401
18.632
1.631 1.428
18.731 18.545 17.930
-1.985
Net loans reduction driven
-5.839
2.622 2.984 2.694
2.708
26.789
2.792 2.648 2.454
26.672 25.382 24.197
-308
by disposal of non-core
assets and the ongoing
deleveraging
-8.759
Customer deposits
ECB funding
16.970 14.971 13.803 13.330
920
13.169
13.611
13.629
13.608
-3.362
Deposit base gradually
stabilising
1.400 1.400
880
800
500
501
501
ELA
11.107
9.556
8.785 7.684
7.404
6.900
5.903
4.902
-6.205
Overall €7,1 bn ELA
reduction from peak
Interbank funding
983
790
802
707
772
808
805
691
-292
Other liabilities
976
895
954
1.057
1.083
1.045 1.026
957
-19
Total equity
2.920
2.737
Total liab. & equity
32.956
30.349
RWA
23.510**
23.530
2.814 3.785
28.558 27.483
22.485 22.863
3.481
26.789
22.715
3.508 3.519
26.672 25.382 24.197
22.972 21.527 20.717
3.538
618
-8.759
RWA intensity
71%
78% 79% 83%
85%
86%
85%
86%
Balance sheet
-2.607 -1.791 -1.075
-694
-117
-1.290 -1.185
deleverage qoq
CET1 ratio
n/a
10,4% 11,3% 15,4%
14,0%
13,9%
14,9% 15,6%
(transitional basis)
Leverage ratio
Steady reduction of total
assets. Average quarterly
reduction at €1bn or 4%
CET1 ratio & Leverage ratio
strengthened by share capital
increase, deleverage and
RWA reduction
11,3x
11,1x 10,1x 7,3x
7,7x
7,6x
7,2x
6,9x
(Assets/Equity)
Bank of Cyprus
KOINO
WKYNРIW
**
* Consolidated Balance Sheet -comparatives ignoring classification as disposal group held for sale
Pre CRD IV
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