Investor Presentaiton
Cost of risk' of 118 bps for FY2020, as expected
1.18%
Mainly impact of
1.12%
deterioration of macro-
1.00%
economic outlook in 1Q2020
0.43%
0.75%
FY2018
FY2019
FY2020
Group Financial Results for the year ended 31 December 2020
Base line
2020
GDP rate
-5.8%
Unemployment rate
7.1%
2021
4.0%
7.4%
2022
3.9%
6.3%
•
Cost of risk of 118 bps for FY2020 (€149 mn), of which
43 bps (€54 mn) reflect the impact of IFRS 9 Forward
Looking Information (FLI) driven by deterioration of
macroeconomic outlook recognised in FY2020
Cost of risk of 99 bps for 4Q2020 (€31 mn), of which 37
bps (€11 mn) COVID-19 related
Interest on net NPEs not received in cash, fully provided
(€13 mn in 4Q2020)
bps
200
76
97
99
•
200
152
88
30
107
110
Charge
(bps)
58
17
37
53
33
43
40
58
51
14-
14:
16
.
1Q2020
2Q2020
3Q2020
4Q2020
Reversal
-10
-11
(bps)
-76
COVID-19
Interest on net NPEs not received in cash
New lending
Stage 3
Stage 1 & 2
Loan credit losses on customer loans including off-balance sheet exposures, net of gains/(losses) on derecognition of loans and advances to customers and change in expected cash flows over average gross loans
1)
Bank of Cyprus Holdings
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