Deleveraging and Financial Overview
Funding Structure
Analysis of Liabilities and Equity (€ bn)
Funding from Central Banks
Total equity
ECB funding
■ Other liabilities
■ELA
ELA funding (bn) ECB funding (€ bn)
■Customer deposits
11,40
11,11 11,16 10,96 10,91
10,18
1,30
1,40 1,40
1,40
8,60
30,35
8,28
29,38
7,70
28,56
11,40 11,11
0,92
0,88
27,48
9,86
26,79
9,56
9,51
0,80
8,78
7,68
7,40
6,90
14,97
14,07
13,80
13,33
13,17
1,40
1,40
1,40
0,92
0,88
9,56
9,51
7,68
8,78
7,40
Apr-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015
1,86
Funding structure dented by the bail-in and the
Laiki acquisition. At 31 December 2014, customer
deposits and Eurosystem funding accounted for
49% and 31% of assets, respectively
At 31 December 2014, Eurosystem funding at
€8,28 bn, comprising ELA of €7,4 bn and ECB
funding of €880 mn; ELA and ECB funding were
reduced further by €500 mn and €80 mn,
respectively, post 31 December 2014
The Group has reduced ELA by €4,5 bn since the
peak of €11,4 bn at April 2013 and in tandem
managed to absorb a significant reduction in its
deposit base
1,76
1,68
1,64
1,77
2,74
2,76
2,81
3,79
3,48
31.12.13
31.03.14
30.06.14
30.09.14
31.12.14
Bank of Cyprus
18
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