Investor Presentaiton
Group Financial Results for the year ended 31 December 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
12,309
12,261
10,907
Stage 1
7,209
7,042
6,870
63%
6,865
2,096
90
44
1,933
107
55
1,902
95
76
Dec 20
Dec 19
Sep 20
Dec 20
pro forma
Stage 2
1,733
2,029
2,305
21%
2,282
1,962
Stage 3
3,880
3,238
3,086
16%
1,760
Dec 19
Sep 20
Dec 20
Dec 20
"
for Helix 21
Stage 1
1.2%
1.5%
1.4%
1.3%
1,771
1,731
1,033
64.91
Stage 2
2.5%
2.7%
3.3%
2.8%
878
Stage 3
50.6%
54.7%
56.1%
Dec 19
49.9%
Sep 20
Dec 20
Dec 20
% of gross loans
pro forma
pro forma
for Helix 21
for Helix 21
•
Coverage for stage 3 loans remains at c.50% post Helix 2
Net transfer of c. €300 mn loans from stage 1 to stage 2 as a result of the significant increase in credit risk
and management overlays
€22 mn marked as UTP in 4Q2020, arising from the completion of campaign review of the loans under
payment deferrals until December 2020
1)
Calculations on a pro forma basis assume legal completion of both Helix 2 Portfolio A and Helix 2 Portfolio B
Bank of Cyprus Holdings
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