Investor Presentaiton
REMU-the engine for dealing with foreclosed assets
On-board assets in REMU at conservative c.25%-30% discount to OMV
Cumulative sales by property type; 37% of sales relate to land
Sales contract price
BV € mn
Legacy
2016
2017
2018 2019 2020 2021
184
450
211
157
115 79 19 1,215
100%
72%
avg on-boarded value as a % of OMV1
71%
72%
71%
72%
6%
10%
Land
37%
16%
€1.59 bn
9%
22%
Commercial
Hotels
Residential
Cyreit
Overseas
Sales contracts (excl. DFAs) ³ for FY2021 up 30% yoy
Real Estate Market property prices up 1.2% yoy in 3Q20212
10.347
10.366
4.0
9.242
120.0
110.0
100.0
90.0
80.0
70.0
60.0
50.0
40.0
30.0
Central Bank Residential Property Price index
8.734
7.968
3.5
5.885
6.656
7.063
3.0
4.875
4.983
80.0
2.5
79.4
79.1 78.9 79.3 79.5
4.952
6.328
78.6
2.0
5.250
1.2
1.5
2.2
3.603
4.367
4.481
3.691
2.985
1.2
0.9
1.0
2.406
Q12019
Q22019
Q32019
Q42019
Q12020
1.813
0.2
0.5
1.349
Q22020
Residential Propert Price index (2010Q1=100)
201 Q32020
Q42020
0.8
Q12021
Q22021
Q32021
0.0
2015
2016
2017
2018
2019
2020
2021
Sales to Cypriots
Sales to non-Cypriots
% change y-o-y (RHS)
723
2)
Open market value at on-boarding date
Based on Residential price index published by Central Bank dated 23 January 2022
3) Based on data from Land of Registry- Sales contracts
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