Income Statement and Eurosystem Funding Review
Gross Loans
Gross Loans by Geography (€ mn)
■Cyprus
■Russia
■ UK
-15%
Other countries**
-6%
28.349
-2%
-4%
26.743
-2%
1.268
26.263
-4%
1%
25.300
1.459
1.230
24.742
1.180
23.772
24.085
1.794
1.284
804
1.194
706
1.172
1.429
1.290
1.112
692
667
1.304
1.208
914
1.026
966
1.072
23.828
22.800
22.599
22.020
21.716
21.200
21.320
•
•
Gross Loans were increased by €313 mn in
1Q2015 primarily affected by fluctuations in
exchange rates.
In constant exchange rates gross loans were
reduced by €87 mn in 1Q2015
Overall, a 15% reduction in Group gross loans
since June 2013
Domestic loan book reduced by 11% since June
2013, reflecting primarily customers' efforts to
deleverage by using their deposits to pay down
debt
30.06.13 31.12.13 31.03.14 30.06.14 30.09.14 31.12.14 31.03.15
*Gross loans are reported before fair value adjustment on initial recognition relating to loans acquired from Laiki Bank (difference between the
outstanding contractual amount and the fair value of loans acquired) amounting to €1.545 mn (compared to €1,566 bn at 31 December 2014),
including loans of discontinued operations/disposal group held for sale.
** Other countries: Romania, Ukraine (until March 2014) and Greece. Furthermore, certain loans and advances in Romania are included, that
previously were reported under Cyprus.
Bank of Cyprus
KOINO
WKYNРIW
2235
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