Investor Presentaiton
Total expenses
Total expenses (€ mn)
Other operating expenses
Staff costs
114
105
103
103
102
92
92
56
47
44
44
43
33
58
59
59
58
59
59
1Q2014 2Q2014 3Q2014 4Q2014
1Q2015
2Q2015
Group Cost to Income Ratio
■Group cost to income ratio
38%
36%
36%
35%
34%
33%
•
•
•
Total expenses for 2Q2015 decreased to 92
mn from 102 mn for 1Q2015, driven by the
reduction of operating expenses due to lower
advertising, consultancy and professional
expenses. Operating expenses per quarter,
excluding 2Q2015 and 4Q2014 when there
were one-off items, are around 45 mn.
Staff costs for 2Q2015 at 59 mn broadly at
the same level as for the previous quarters
The cost-to-income ratio stood at 36% for
1H2015, compared to 38% for 1Q2015
1Q2014
1H2014
9M2014 FY2014 1Q2015 1H2015
Bank of Cyprus
KOINO
WKYNPIW
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