Investor Presentaiton
Group Financial Results for quarter ended 31 March 2021
De-risking: Clear path to reduce NPE ratio to single digit by 2022
NPE ratio
63%
Gross NPE reduction in 2021, through both
organic and inorganic actions, expected to
more than offset NPE inflows
15.0
€ bn
Continue to assess potential to accelerate
NPE reduction through additional NPE sales
Coverage
(4.3)
(9.0)
16%
<10%
c.5%
1.7
Dec 2014
NPE Sales
Net Organic
Reduction
Mar 20211
NPE sales &
Net Organic
reduction
Dec 2022
Net Organic
Reduction
Medium-
term target
34%
COR (bps)
365
1)
Pro forma for Helix 2: Calculations on a pro forma basis assume legal completion of both Helix 2 Portfolio A and Helix 2 Portfolio B
Bank of Cyprus Holdings
59%
66
>50%
c.70-80
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