Investor Presentaiton
Income Statement Review
1H2015 1H20143
yoy %
2Q2015
1Q2015
qoq %
---
Net interest income
Other income
Total income
Total expenses
Profit before provisions and impairments¹
Provisions for impairment of customer loans
-14%
214
225
-5%
439
514
94
115
-19%
47
47
533
629
-15%
261
272
-4%
(194)
(208)
-7% (92) (102)
-10%
339
421
-19%
169
170
(457)
(289)
58%
(309)
(148)
109%
Gains on derecognition and changes in expected cash flows on
acquired loans
230
11
187
43
335%
Impairments of other financial and non financial assets
(31)
(34)
-8%
(30)
(1)
Share of profit from associates.
3
-16%
■ Profit before tax, restructuring costs and discontinued operations
84
113
-26%
18
66
-72%
Tax
(11)
132%
(9)
-69%
Loss attributable to non-controlling interests
(0)
(0)
(0)
(0)
Profit after tax from continuing operations²
73
108
-32%
16
57
-72%
Restructuring costs
(21)
(21)
3%
(14)
(7)
61%
Loss from disposal group held for sale/discontinued operations
(33)
(66)
-51%
(12)
(21)
-43%
41
60
-32%
41
Net gain on disposal of non-core assets
Profit after tax
60
81
-26%
31
29
11%
Net interest margin
3,88%
4,07%
3,79%
3,94%
Cost-to-Income ratio
36%
33%
35%
38%
1.
Profit before provisions and impairments, gains on derecognition and changes on expected cash flows on acquired loans,
restructuring costs and discontinued operations.
2.
Profit after tax and before restructuring costs, discontinued operations and net profit on disposal of non-core assets
3.
The 1H2015 is not comparable to the 1H2014 given the significant deleveraging completed since then, including, among others,
the partial repayment of the sovereign bond held by the Bank, by the Republic of Cyprus on 1 July 2014.
Bank of Cyprus
KOINO
WKYNPIW
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