Investor Presentaiton
Key Takeaways
Leading financial institution in an economy that is on the road to economic recovery
CET1 ratio at 15,6% (transitional basis); capital position shields the Group from further shocks and
helps in regaining trust of counterparties; at the same time, we are confident about the outcome of the
SREP discussion
During 3Q2015 the Bank disposed of the majority of the Russian operations; With the disposal the
Bank completes the disposal of the Group's overseas banking subsidiaries identified for sale.
Improving funding structure with an increasing deposit base in Cyprus; L/D ratio at 132% and
customer deposits at 56% of total assets
ELA reduced by €7,1 bn to €4,3 bn through deleveraging actions, capital proceeds and customer
inflows.
90+ DPD reduced to €12 bn; a reduction of €649 mn during 3Q2015, out of which €369 mn due to the
disposal of the majority of the Russian operations; provision coverage stood at 41% while taking into
account the unrecognised interest income calculated with reference to the contractual balances of the
customer, the provisioning coverage rises to 52%.
The adoption of the foreclosure legislation and insolvency framework coupled with the improved
fundamentals of the Cypriot economy is a significant step in enabling the Bank to tackle its delinquent
loans and to improve its asset quality.
Recurring profitability stabilising, Profit after tax from continuing operations and Profit after tax of
€115 mn and €73 mn for 9M2015, respectively
Bank of Cyprus
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KOINO
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