Investor Presentaiton
Group Financial Results for the six months ended 30 June 2021
New lending' of €894 mn in 1H2021, up 30% yoy
New lending¹ remained strong in 2Q2021
Monthly new lending data showing improving trend yoy
€ mn
€689 m n
487
€ mn
€894 m n
451
37
32
407
374
31
206
7-
233
288
206
238
9
162
174
18
117
62
99
33
83
63
42
24
79
25
117
102
124
98
69
67
27
40
43
57
48
1Q2020
2Q2020
3Q2020
4Q2020
1Q2021
2Q2021
2
Shipping & International loans
Corporate
SME
Retail other
Retail Housing
1)
Refer to slide 71 for definition of new lending
2)
Includes syndicated loans
Bank of Cyprus Holdings
39%
Market share
in loans
lockdown
122 123
lockdown
179
161-
465-170 mn
147
118 126 130
141
130
98 95
103
112
90
78
62
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
2020
2021
•
•
average 2019 monthly new lending
Demand for housing loans remains strong, supported by government interest rate
subsidy scheme; c.€220 mn new housing loans approved since the beginning of the
scheme; pipeline of €106 mn as at mid-Aug 2021
Corporate new lending at €162 mn for 2Q2021, up 64% yoy as economic activity
continues to improve
High quality origination via prudent underwriting standards
•
Strong assessment of repayment capability
•
Strict origination standards
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