Income Statement and Eurosystem Funding Review
Total expenses
Total expenses (€ mn)
Other operating expenses
Staff costs
114
105
104
103
102
56
47
45
44
43
58
59
59
58
59
1Q2014
2Q2014
3Q2014
4Q2014
1Q2015
Group Cost to Income Ratio
41%
39%
38%
34%
33%
1Q2014
2Q2014
3Q2014
4Q2014
1Q2015
•
•
Total expenses for 1Q2015 decreased to €102
mn from €114 mn for 4Q2014, mainly due to
higher operating expenses in Cyprus for
4Q2014, due to advertising, regulatory and
ECB Comprehensive Assessment related
costs, listing costs, and other advisory fees.
Staff costs for 1Q2015 at €59 mn broadly at
the same level as for the previous quarters
The cost-to-income ratio for 1Q2015 stands at
38% compared to 41% for the 4Q2014, partly
due to increased other operating expenses
during 4Q2014
Bank of Cyprus
KOINO
WKYNРIW
2235
11View entire presentation