Investor Presentaiton
Coverage and collateral maintained post Helix 2
NPE total coverage at 125% when collateral included pro forma for Helix 22
122%
115%
109%
122%
124%
128%
125%
69%
70%
68%
68%
67%
67%
68%
Group Financial Results for the six months ended 30 June 2020
58%
3.
Re-performing NPEs
23%
48%
52%
54%
56%
59%
58%
Core NPES
63%
41%
Dec 16
Dec 17
Dec 18
Dec 19
Mar 20
Jun 20
Allowance for expected loan credit losses
Tangible collateral
NPE coverage remains above EU average4
Jun 20
pro forma
for Helix 22
58%
54%
51%
51%
46%
45%
43%
BOC
30 Jun 2020
IT
PT
CY
EU Average
GR
ES
pro forma for
Helix 22
(1) Restricted to Gross IFRS balance
(2) Calculations on a pro forma basis assume completion of the transaction
Bank of Cyprus Holdings
•
Jun 20
pro forma
for Helix 22
Cash coverage increased to 58% pro forma for Helix 22
•
Cash coverage of Core NPEs at 63%, pro forma for Helix 22
Collateral coverage at 67%
(3) In pipeline to exit NPES subject to meet all exit criteria; the analysis is performed on a customer basis (formerly called Non-core NPEs)
(4) Based on EBA Risk Dashboard as at 31 March 2020
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