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Investor Presentaiton

Group Financial Results for quarter ended 31 March 2021 €1.4 bn NPE sales agreed since Dec 2019, reducing NPE ratio to 16%¹ • Helix 2 Portfolio B 44% NPE reduction 9 p.p. reduction in NPE ratio Agreement for the sale of €529 mn NPES (with reference date 30 Sep 2020) in Jan 2021 NPES (€ bn) NPE ratio • Gross consideration of 44% of gross book value (based on 30 Sep 2020) and 31% of contractual balance³, payable in cash, of which 50% is deferred unconditionally up to Dec 2025 -44% 3.0 -9 p.p. 25% • Loan credit losses of €27 mn recorded in 4Q2020 16% 1.7 Helix 2 Portfolio A Agreement for the sale of €886 mn NPES (with reference date 30 Jun 2020) in Aug 2020 Gross consideration of 46% of gross book value (based on 30 Jun 2020) and 29% of contractual balance³, payable in cash, of which 65% is deferred unconditionally to 3 broadly equal instalments over 48 months Loss of €68 mn recorded in 2Q2020 Mar 21 Mar 21 pro forma Mar 2021 for Helix 2¹ Mar 2021 pro forma for Helix 21 CET1 ratio at 14.6% 2 pro forma for Helix 21 14.3% 14.4% 14.6% 15.2% (1) Calculations on a pro forma basis assume legal completion of both Helix 2 Portfolio A and Helix 2 Portfolio B (2) Allowing for IFRS 9 and temporary treatment for certain FVOCI instruments transitional arrangements (3) As at 30 September 2019 (4) Deferred Purchase Price Bank of Cyprus Holdings Jun 20 Mar 21 Mar 21 Mar 21 pro forma post DPP for Helix 2 payment4 Total CET1 impact +16 bps: -48 bps impact in FY2020 and 2021 until completion +64 bps upon full payment of deferred consideration 25
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