Group Financial Results H1 2016
Reduction in problem loans for a fifth consecutive quarter
90+ DPD dropped by €2,0 bn or (18%) in 1H2016
90+ DPD (€ bn)
90+ DPD ratio
NPEs reduced by €1,47 bn or (11%) in 1H2016
ENPES with forbearance measures, no impairments, no
arrears
NPES (€ bn)
Quarterly reduction of 90+ DPD
Quarterly reduction of NPES
NPEs ratio
Forborne NPES with
no impairments or
53,2%
53,1%
52,9% 52,5%
63,0%
62,2%
50,1%
61,9%
61,8%
47,1%
62,9%
61,0%
59,3%
arrears (€bn) -
Expected to exit
NPEs per year¹
15,17
12,65
12,79
12,65
12,00
11,33
-1%
10,29
18% reduction in problem loans
44,0%
14,81
14,96
14,22 13,97
1,34
13,33
1,3
1,46
12,49
,86
0,8
2,18
0,3
2,44
---------
-2% -4%
-2%
2016 2017 2018+
-5%
-6%
-5%
9,27
-6%
-9%
-10%
Dec-14
Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16
Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16
Problem loans formation mirrors economic cycle
Quarterly change of 90+ DPD (€ mn)
90+ DPD (€ bn)
Economic
Slow deterioration
Stabilisation
Recovery
crisis
03-2009
06-2009
1,6 321
2,0 380
09-2009
2,3329
12-2009
03-2010
06-2010
-85 2,2
265
2,5
410
2,9
09-2010
558
3,5
12-2010
96
3,6
03-2011
232
3,8
06-2011
156
4,0
09-2011
402
4.4
12-2011
609
5,0
03-2012
100
06-2012
64
5,1
09-2012
12-2012
1.319 6,5
1.240 77
06-2013
3.319
11,0
09-2013
12-2013
1.972
13,0
20
13,0
03-2014
06-2014
06-2014
-247
12,8
-164
12,6
09-2014
12-2011
2202-60
386
13.0
13,0
+107-ZL
-325
12.7
03-2015
CLOZ-SO
136
12,8
12.8
06-2015
GLOZ-90
-143
12,6
09-2015
12-2015
03-2016-1.041
06-2016-1.020
-649
12,0
899-
11,3
10,3
.
Non-performing loans (90+ DPD) reduced by €1,0
bn (or 10%) qoq and by €2 bn (or 18%) in 1H2016
Non Performing Exposures (NPEs), as
per EBA
definition, reduced by €0,8 bn during 2Q2016 and
totalled €12,5 bn at 30 June 2016
Reduction of NPEs accounted for 69% of 90+ DPD
reduction
NPES with forbearance measures, no impairments
and no arrears totalled €2,4 bn at 30 June 2016;
Around 85% is expected to exit the NPE classification
by the end 2017, subject to no re-default
(1) Curing period of the NPEs with forbearance measures, but no impairments and no arrears, assuming no re-default.
(2) Information for 1Q2013 and 2Q2013 is not available as it has not been possible to publish the financial results for the three months ended 31 March 2013
Bank of Cyprus
KOINO
KYMPI
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