Deleveraging and Financial Overview
Gross Loans
Gross Loans by Geography (€ mn)
Cyprus Russia UK Other countries**
-16%
28.349
-6%
-2%
1.268
26.743
-4%
26.263
-2%
1.459
1.230
25.300
1.180
24.742
-4%
1.794
1.284
804
23.772
1.194
706
1.172
1.429
1.112
1.290
692
1.304
914
1.208
966
23.828
22.800
22.599
22.020
21.716
21.200
30.06.13
31.12.13 31.03.14 30.06.14
30.09.14 31.12.14
•
•
Gross Loans were reduced by €0,97 bn in
4Q2014 mainly reflecting the disposal of loans in
the UK and the reduction of loans in Cyprus. In
constant exchange rates, gross loans were
reduced by €676 mn
Overall, a 16% reduction in Group gross loans.
since June 2013
Overseas loan book reduced by 43% since June
2013, reflecting the deliberate disposal of non-
core overseas operations and assets
Domestic loan book reduced by 11% since June
2013, reflecting primarily customers' efforts to
deleverage by using their deposits to pay down.
debt
*Gross loans are reported before fair value adjustment on initial recognition relating to loans acquired from Laiki Bank (difference between the
outstanding contractual amount and the fair value of loans acquired) amounting to €1,6 bn (compared to €1,9 bn at 31 December 2013), including
loans of discontinued operations/disposal group held for sale.
** Other countries: Romania, Ukraine (until March 2014) and Greece. Furthermore, certain loans and advances in Romania are included, that
previously were reported under Cyprus.
Bank of Cyprus
KOINO
ΚΥΠΡΙ
2235
17View entire presentation