Group Financial Results
Group Financial Results for the year ended 31 December 2020
Portfolio exposure to businesses most impacted by COVID-19
Tourism: €1.12 bn
Trade: €0.89 bn
30 Sep 2020
Hotels & Catering
Food services
€ bn
31 Dec 2020
€ bn
% of
portfolio
30 Sep 2020
Trade
€ bn
31 Dec 2020
€ bn
% of
portfolio
0.06
0.06
5%
Supermarkets, pharmacies and
0.28
0.26
30%
other essential retail businesses
Accommodation
1.01
1.06
95%
All other
0.67
0.63
70%
Total
1.07
1.12
Total
0.95
0.89
Unutilised Liquidity1
0.34
0.32
Unutilised Liquidity¹
0.93
0.95
- of which deposits
0.27
0.26
23%
- of which deposits
0.62
0.60
68%
.
The reduction in international tourist arrivals in 2020, was partly offset by
domestic tourism, a trend expected to continue in 2021; A recovery in tourist
activity is expected from 2H2021 and will be linked with international vaccine
programmes; Close monitoring of the developments continues
Majority of Accommodation customers entered the crisis with significant liquidity,
following strong performance in recent years
c. €1.0 bn or 91% under payment deferrals that expired on 31 Dec 2020; 39% of
performing loans had an instalment due by 19 Mar 2021; 99% these resumed
payments.
• 30% tied up to lower risk essential retail services, not materially
impacted by COVID-19
€0.47 bn or 53% under for payment deferrals that expired on 31 Dec
2020; 89% of performing loans had an instalment due by 19 Mar 2021;
95% of these resumed payments
•
c.50% (cumulative) will have an instalment due by end of Mar 2021
1)
Unutilised overdraft amounts and deposits
Bank of Cyprus Holdings
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