Income Statement and Eurosystem Funding Review
Restructuring and Recoveries Division
Good progress has been made with Restructuring efforts of top exposures¹
€ bn
€5,8 bn
€5,3 bn
€5,0 bn
€4,7 bn
1,0
0,9
RRD set up and
assumption of
exposures
30.11.13
1,2
1,3
0,5
1,7
8:3
30.09.14
2,2
2,1
0
0,8
0,3
000
0,5
8
352
0,2
31.12.14
Restructuring implemented or be signed
■Detailed non binding heads of terms for restructuring
agreed
■Good progress in agreeing heads of terms for
restructuring; some commercial points still open
■Diligence ongoing; Some way to go before heads of
terms to be agreed
Insolvency appointment
0,4
0,5
0,5
0,2
Other recovery cases
31.03.15
•
Aggregate of top exposures being reduced mainly due to:
•
•
•
Disposal of loans/assets (about 56%)
Loans that have been restructured and are being transferred back to business lines (about 17%)
Repayments/cancellation of undrawn facilites (about 27%)
Currently, about €0,9 bn of restructured loans are managed and monitored by RRD and will be
transferred to business lines upon satisfactory performance
1 funded and unfunded exposures
Bank of Cyprus
KOINO
WKYNРIW
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