Performance and Capital Position Overview
Maintaining NIM and Customer Spread in a Competitive Market
Net Interest Income and Net Interest Margin
Interest income from Republic of Cyprus bond (€ mn)
Net interest income (€ mn)
NIM (bps)
- NIM (excluding Rep. of Cyprus bond) (bps)
•
€ bn
Interest bearing
assets
23,9
22,8
21,8
20,8
20,1
394
379
370
369
363
350
355
355
340
227
212
205
198
185
25
22
•
Net Interest Income (NII) at €185 mn, compared to
€198 mn for 4Q2015; The decrease is primarily due to
lower loan volumes, the deleveraging actions and the full
repayment of a high yielding bond by the Republic of
Cyprus in December 2015
Net Interest Margin (NIM) remains healthy at 3,63%;
Adjusting for the interest income relating to the Republic
of Cyprus bond, NIM has been increasing
202
190
196
191
185
1Q2015
2Q2015
3Q2015
4Q2015
1Q2016
Yield on Loans and Cost of Deposits in Cyprus¹ (bps)
Yield on Loans
573
Cost of Deposits
Customer spread
537
536
527
530
434
418
432
427
435
139
119
104
100
95
1Q2015
2Q2015
3Q2015
4Q2015
1Q2016
(1)
Includes all currencies
Interest bearing assets decreased by 4% to €20,1 bn,
•
•
Customer spread in Cyprus maintained at 435 bps
despite competitive pressures
• €223 mn new loans were granted during the first four
months of 2016; New loan pipeline is promising
(2) Interest bearing assets include placements with banks and central banks, reverse repurchase agreements and net loans and advances to customers and investments excluding equity and
mutual funds.
Bank of Cyprus
KOINO
KYMPI
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