Investor Presentaiton
Accelerated de-risking: NPE sales of €3.8 bn since 2H2018
Helix 1
✓ Completed
Velocity 1
✓ Completed
Velocity 2
✓ Completed
Group Financial Results for the six months ended 30 June 2020
Helix 2
✓ SPA Signed
Sale of €2.7 bn NPES
• Mainly secured large
Corporate and SME NPES
• 48 cents on GBV
⚫c.60 bps capital accretive1
Sale of €34 mn NPES
• Retail unsecured NPES
•Capital neutral1
Sale of €133 mn NPES
Retail unsecured NPES
Capital neutral1
•Completed in 2Q2019
•
Completed in 2Q2020
•Bank retained €45 mn of
senior bond
•Completed in 2Q2019
Sale of €886 mn NPES
•Mainly secured Retail and
SME NPES
⚫46 cents on GBV
•-36 bps capital impact on
completion
•+10 bps capital impact
upon full repayment of
deferred consideration
•Completion expected in
1H2021
Continue to assess acceleration of de-risking through additional NPE sales in the future
(1) On completion
Bank of Cyprus Holdings
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