Group Financial Results
Group Financial Results for the year ended 31 December 2020
Foreclosures for Primary residence <€350k suspended until March 2021
Cumulative
2016-20181
FY2019
FY2020
4Q2019
1Q2020 2Q2020
3Q2020
4Q2020
Foreclosures
commenced²
1,437
1,829
1,5532
536
5932
227
733
Auctions held
470
807
6322
373
1642
468
2,134 properties were resolved since 2016
Sold at auction
343
853
Repossessed³
4
938
Consensual deals
2,134
Excluding Helix 1
Foreclosures suspended between 18 March and 31 August as per the Cyprus Bank Association
Properties that have been auctioned unsuccessfully at least once
1)
2)
3)
4)
5)
As defined by the legislation
Includes DFAs, restructurings and settlements
Bank of Cyprus Holdings
Foreclosures for Primary Residences <€350k and "very small business premises”5 of
the borrowers have been suspended until the end of Mar 2021, via a legislation
enacted on 29 December 2020 by the Cyprus Parliament
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