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Investor Presentaiton

1H2015 Group Financial Results - Key Highlights Improving funding structure; Loans to deposits ratio at 136% (138% at 31 March 2015) and customer deposits accounting for 54% of total assets (51% at 31 March 2015) Emergency Liquidity Assistance (ELA) reduced by €1 bn during 2Q2015 to €5,9 bn and by further €500 mn post quarter-end to a current level of €5,4 bn; €6 bn ELA reduction since peak Common Equity Tier 1 capital ratio (transitional basis) increased by 100 basis points to 14,9% (qoq) due to reduced risk weighted assets (RWAs) and organic capital generation 90+ DPD and NPEs were reduced by €143 mn to €12,6 bn (qoq) and by €366 mn to €14,8 bn (qoq) respectively; 90+ DPD ratio at 53% and 90+ DPD provisioning coverage improved to 43% Profit after tax at €60 mn for 1H2015; Profit before provisions and impairments at €169 mn and Profit after tax at €31 mn for 2Q2015; Post quarter-end, the Bank agreed to sell the majority of its Russian operations; release of RWAs by approx. €600 mn and improvement of CET1 ratio by approx. 33 basis points With a deleveraged and de-risked balance sheet, improving funding structure and stabilising asset quality, the Bank is focusing on core business and profitability Bank of Cyprus KOINO WKYNPIW 2
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