Investor Presentaiton
Group Financial Results for the year ended 31 December 2020
NPE ratio reduced to 16% pro forma for Helix 2; Coverage maintained at 59%
€2.1 bn NPE reduction in FY2020 pro forma for Helix 21
Residual NPEs comprises mainly Retail
(€ bn)
7.4
3.9
3.2
3.1
1.8
3.6
Dec 18
1.8
Dec 19
1.3
Sep 20
1.2
0.7
Dec 20
Dec 20
Allowance for Expected Loan Credit Losses
pro forma
for Helix 2
1
Net NPES
Gross NPE ratio reduced to 16%; 7% on a net basis
47%
30%
30%
26%
25%
17%
13%
11%
1.8
0.2
Re-performing NPEs 3
Retail
1.2
SME
€1.6 bn
Corporate
0.1
0.3
31 Dec 2020
pro forma for Helix 21
NPE coverage maintained at 59% post Helix 2
130%
122%
122%
131%
127%
70%
69%
68%
70%
68%
59%
Re-performing
20%
NPES
Core NPES
65%
Dec 18
Dec 19
Sep 20
Dec 20
Gross NPE ratio
Net NPE ratio
1)
2)
3)
16%
52%
54%
60%
62%
59%
7%
Dec 18
Dec 19
Sep 20
Dec 20
Dec 20
pro forma
Tangible collateral²
for Helix 21
Dec 20
pro forma
for Helix 21
Calculations on a pro forma basis assume legal completion of both Helix 2 Portfolio A and Helix 2 Portfolio B
Restricted to Gross IFRS balance
In pipeline to exit NPEs subject to meet all exit criteria; the analysis is performed on a customer basis (formerly called Non-core NPEs)
Bank of Cyprus Holdings
Allowance for expected loan credit losses
Dec 20
pro forma
for Helix 21
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