Group Financial Results H1 2016
2008 Q4
2009Q1
2009 Q2
2009Q3
2009Q4
2010Q1
2010Q2
2010Q3
2010 Q4
2011Q1
2011Q2
2011 Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013 Q3
2013Q4
2014Q1
2014Q2
2014 Q3
2014Q4
2015Q1
2015Q2
2015Q3
2015Q4
2016Q1
2016Q2
The unemployment rate dropped to 11,9% in Q2 from 12,9% in Q1 and a
peak rate of 16,5% in Q4 of 2013.
Key economic sectors are performing well
In construction the main indices may have bottomed in the first half of 2015
and started to rise from there
18,0
16,5
16,3
100
Unemployment rate and unemployed persons
Index 100=2008Q2 of 4Q moving averages/sums
13,5
90
16,0
12,9
120,0
80
14,0
71
71
100,0
11,9
70
56
100,0
12,0
52
60
10,0
80,0
48
50
8,0
6,0
40
60,0
6,0
30
3,7
40,0
4,0
2,0 15
0,0
20
25
20,0
10
35,6
34,3
27,2
22.5
25,3
0
0,0
Unemployed persons SA in thousands (RHS)
Unemployment rate SA %
Industrial production bottomed in February 2014 on a 12 month basis, from a
peak in 2008, and has been rising since ...
Production Index
Local sales of cement
Volume of building permits
were the rebound has been relatively uniform across sectors with the total
production index up by 10,5% in Jan-Apr
Industrial production by sector: % change year-on-year
50,0
Total Industrial production
100,0
40,0
30,0
20,0
10,0
0,0
-10,0
-20,0
-30,0
120,0
100,0
12,3
69,0 80,0
65,4
60,0
16,3
11,8
10,5'
3,4 3,7 4,0
1,0
3,5
40,0
-0.1.1,2
-2,3
-4,2
20,0
-9,2
00
-10,110,3
0,0
06.0
09.08
03.09
09.09
12.09
03.10
06.1
09.10
12.10
03.11
06.11
09.11
12.11
03.12
06.12
09.12
12.12
03.13
06.13
09.13
12.13
03.14
06.14
09.14
12.14
03.15
06.15
09.15
12.15
03.16
-13,44,1
-12,9
-15,2
2012
2013
2014
2015
2016Jan-Apr
100 Oct 2008 of 12 m. Av. (RHS)
* Projections are per IMF 9th Review dated January 2016
% change y-o-y
12 month averages
■Total Industry
■Manufacturing
Elctricity
■Water
Bank of Cyprus
KOINO
KYMPI
SOURCES:
Central Bank of Cyprus, Statistical Service of Republic of Cyprus, European Commission, Bloomberg, IMF and company reports; Calculations by BOC Economic Research
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2003Q4
2004Q2
2004Q4
2005Q2
2005Q4
2006Q2
2006Q4
2007Q2
2007Q4
2008Q2
2008Q4
2009Q2
2009Q4
2010Q2
2010Q4
2011Q2
2011Q4
2012Q2
2012Q4
2013Q2
2013Q4
2014Q2
2014Q4
2015Q2
2015Q4
2016Q2View entire presentation