Investor Presentaiton
Our journey
Group Financial Results for quarter ended 31 March 2021
Where we were...
Shrinkage to core strength
2014-2019
What we have achieved
in 2020...
Normalisation of balance sheet
2020
Where we want to be...
Business turnaround for sustainable growth
2021-2022
Medium-term
Significant balance sheet de-
risking
✓ Normalised funding stack
✓ Exited non core operations
Supporting the recovery of
Cypriot economy
✓ Managing pandemic asset
quality
Acceleration of NPE
reduction
✓ Address costs
Priorities
■
■
Complete de-risking while
managing the post-pandemic
NPE inflow
Position the Bank on the
path for sustainable
profitability
Modernise the BOC
franchise, including IT and
digital investment
Address challenges from low
rates and surplus liquidity
Refinancing of Tier 2
(successfully completed)
Priorities
■ Deliver sustainable
profitability and shareholder
returns
■ Enhance revenues by
capitalising on market
leading positions across
business divisions
▪ Enhance operating
efficiency, through sustained
focus on cost base
Optimise capital
management
1)
Subject to market conditions
Bank of Cyprus Holdings
■
Initiation of MREL issuance¹
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