Group Financial Results H1 2016
Healthy NIM and Customer Spread in a Competitive Market
Net Interest Income and Net Interest Margin
Interest income from Republic of Cyprus bond (€ mn)
€ bn
Net interest income (€ mn)
NIM (bps)
Interest bearing
assets²
22,8
21,8
20,8
20,1
19,7
1H2015:
NIM 388 bps
1H2016:
NIM 359 bps
379
370
369
363
355
212
205
198
185
175
22
190
196
191
185
175
2Q2015
3Q2015
4Q2015
1Q2016
2Q2016
Yield on Loans and Cost of Deposits in Cyprus¹ (bps)
Yield on Loans
Cost of Deposits
Customer spread
•
•
•
Net Interest Income (NII) at €175 mn, compared to
€185 mn for 1Q2016, reflecting the reduction in customer
loan balance primarily due to the increased activity in
loan restructuring
Net Interest Margin (NIM) remains healthy at 3,59% for
1H2016
Interest bearing assets decreased by 2% to €19,7 bn
•
573
537
536
527
530
527
Customer spread in Cyprus maintained at 436 bps in
2Q2016 despite competitive pressures
•
434
418
432
427
435
436
€547 mn of new loans were granted during the first
seven months of the year
139
119
104
100
95
91
1Q2015
2Q2015
3Q2015 4Q2015
1Q2016
2Q2016
(1)
Includes all currencies
(2) Interest bearing assets include placements with banks and central banks, reverse repurchase agreements and net loans and advances to customers and investments excluding equity and
mutual funds.
Bank of Cyprus
KOINO
KYMPI
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