Restructuring Plan and Exit from Resolution
5 Restructuring Plan
Defining Business Objectives and Credit Policies
Comply with MOU
par. 1.28 by
delivering "...a
restructuring
plan ..."
• Go beyond MoU
requirements, to
adopt international
"Best Practices" and
integrate relevant
work across different
areas of the Group
(incl. governance,
risk, provisioning)
Appointed McKinsey to support on Restructuring Plan
delivery and to validate governance against “best practices"
Appointed PwC to adopt "Best Practices" in Corporate credit
Ongoing:
Developing the Restructuring Plan (to be approved by mid-
October 2013)
-
1
-
-
Articulate business objectives
Integrate Laiki operations and improve operational efficiencies
Optimize recovery of problematic loans and define credit
policies
Normalize funding conditions
Ensure capitalization targets are met
Bank of Cyprus
KOING
KYMPI
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