Investor Presentaiton
Group Financial Results for quarter ended 31 March 2021
Business portfolio well diversified, with high quality collateral
Breakdown of Non legacy loans¹ by Covid-19 impact
74% of performing business ³ loans under expired payment deferrals had
instalments due by 14 May 2021; 98% present no arrears
Low
35%
€5.18 bn
Real Estate
Education
Health
•
Moderate
High
22%
•
Tourism
3%
Medium
40%
Trade
Administrative
Other services
•
Manufacturing
Construction
Transportation & storage
€ bn
€3.22 bn
Performing loans 3
with installments due
by 14 May 2021
2.39
Performing loans 3
with instalments due
after 14 May 2021
0.83
31 Mar
2021
98% no arrears
10%
2%
€2.39
bn
88%
Resumed payments as per original schedule
Restructured
In arrears
73% of the portfolio with LTV2<80%
1)
2)
3)
4)
74% of business performing loans³ under expired payment deferrals had
instalments due by 14 May 2021:
LTV2
High
Medium
Moderate
Low
Total
•
< 80%
94%
61%
57%
76%
73%
>80%
6%
39%
43%
24%
27%
Total
100%
100%
100%
100%
100%
Gross loans as at 31 March 2021 of Corporate (incl. IB and W&M and Global Corporate), SME, Retail and H/O
Loan to Value (LTV) is calculated as the Gross IFRS Balance to the indexed market value of the property. Under Pillar 3
disclosures LTV is calculated as the Gross IFRS Balance to the indexed market value of collateral. Collateral takes into
consideration the mortgage amount registered in the land registry plus legal interest from registration date to the reference date
As at 31 March 2021
Restructurings for the period Mar 2017-Jun 2019
Bank of Cyprus Holdings
98% (€2.35 bn) present no arrears, of which €0.24 bn have been
restructured; Mostly in the tourism sector
2% (c.€40 mn) present arrears
Targeted restructuring solutions to alleviate pandemic-related short-term cash
flow burden, following rigorous assessment of repayment ability
Strong track record in dealing with restructurings; 92%4 of corporate restructured
loans prior to moratorium presented no arrears
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