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
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