Investor Presentaiton
Our journey
Group Financial Results for the year ended 31 December 2020
Where we were...
Shrinkage to core strength
2014-2019
What we have achieved
in 2020...
Normalisation of balance sheet
2020
Where we want to be...
Business turnaround for sustainable growth
2021-2022
Medium-term
Significant balance sheet de-
risking
✓ Normalised funding stack
✓ Exited non core operations
Supporting the recovery of
Cypriot economy
✓ Managing pandemic asset
quality
Acceleration of NPE
reduction
✓ Address costs
Priorities
Complete de-risking while
managing the post-
pandemic NPE inflow
Position the Bank on the
path for sustainable
profitability
Modernise the BOC
franchise, including IT and
digital investment
Address challenges from
low rates and surplus
liquidity
Refinancing of Tier 21 and
initiate MREL issuance¹
Priorities
■ Deliver sustainable
profitability and
shareholder returns
■ Enhance revenues by
capitalising on market
leading positions across
business divisions
■ Enhance operating
efficiency, through
sustained focus on cost
base
Optimise capital
management
1)
Subject to market conditions
Bank of Cyprus Holdings
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