Investor Presentaiton
Group Financial Results for the nine months ended 30 September 2020
ESTIA- Government scheme for the resolution of NPEs backed by primary residence
ΕΣΤΙΑ
Clear definition of socially protected borrowers
Resolution part of ESTIA- eligible portfolio
Identification of non-viable (vulnerable) customers
Facilitates resolution of remaining customers mainly through consensual and non
consensual foreclosures
€ mn
189
•
Participants
Non-viable
93
96
Nov 2020
1)
As per latest available figures in November 2020
Bank of Cyprus Holdings
Participants: €93 mn¹
Restructured loans will exit NPE definition in accordance with the NPE exit criteria²
Non viable: €96 mn¹
Government solution under consideration
Non-participants of Estia
•
.
•
Enforcement measures initiated for non Estia applicants
Focus on realizing collateral via consensual and non-consensual foreclosures
On-board assets in REMU at conservative ~25%-30% discount to open market value
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