Investor Presentaiton
Group Financial Results for the six months ended 30 June 2020
Gross loans and coverage by IFRS 9 staging
Gross loans by IFRS 9 stage (€ mn)
Allowance for expected loan credit losses (€ mn)
Coverage ratio
12,822
12,709
12,491
11,593
Stage 1
7,209
6,673
7,025
7,022
61%
2,096
2,109
2,043
90
-101
44
63
-104
54
Jun2020
Dec
Mar
Jun
2019
2020
2020
pro forma for
Helix 21
Stage 2
1,733
2,298
1,998
Stage 1
1.2%
1.5%
1.5%
1.5%
1,989
17%
1,962
1,945
1,497
1,885
Stage 3
3,880
104
3,738
3,468
2,582
22%
49
1,344'
Stage 2
2.5%
2.8%
2.7%
2.5%
Dec 19
Mar 20
Jun 20
% of gross loans
Jun 2020
pro forma
Dec 19
Mar 20
Jun 20
Jun 20
Stage 3 50.6%
52.0%
54.4%
52.1%
pro forma
for Helix 21
for Helix 21
Migration of c.€360 mn gross loans from Stage 2 to Stage 1 during 2Q2020, due to enriched data availability
Coverage for Stage 3 loans maintained post Helix 2 (52.1%)
Individual assessment of businesses under moratorium was initiated in May 2020, with an initial focus on high risk customers
Largest 30 businesses under moratorium amount to €1.7 bn or nearly half of all business loans under moratorium; over 70% has been reviewed
without triggering a change in UTP
Individual assessments of private individuals under moratorium has also commenced with priority to individuals with low credit scoring and
employed in high risk industries, such as tourism
(1) Calculations on a pro forma basis assume completion of the transaction
Bank of Cyprus Holdings
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