Investor Presentaiton
REMU-the engine for dealing with foreclosed assets
€1.34 bn sales of 2,076 properties across all property classes since set-up
Sales contract prices¹ (€ mn)
Breakdown of cumulative sales¹
# 99
# 331
# 575
# 5792
by on-boarding year (€ mn)
# 492
Sales €1.34 bn
Legacy 3
505
160
304
Group Financial Results for the year ended 31 December 2020
2016
2017 2018 2019 2020
576
336
112
14
€1,343
% Sales
of vintage stock
(BV)4
58%
49%
51%
31%
330
238
179
345
91
by property type
2016
2017
2018
2019
FY2020
Cyreit
Sales # properties
•
Asset disposal strategy tackles both value and volume of assets
•
Asset disposals across all property classes
• 58% of Legacy³ and 49% of 2016 book assets now sold
•
36% of sales (by value) relate to land
1)
Amounts as per Sales purchase Agreements (SPAs)
4)
2)
3)
Number of properties sold include 21 properties from the disposal of Cyreit and 23 properties from NPE sale (Helix)
Legacy properties relate to properties that were on-boarded before REMU set-up in January 2016
Bank of Cyprus Holdings
7%
12%
12%
11%
22%
Land
36%
Commercial
Hotels
Residential
Cyreit
Overseas
The BV of the properties disposed at the date of disposal as a proportion of the: BV of the properties disposed at the time of the disposal
plus the BV of the residual properties managed by REMU as at 31 December 2020
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