Investor Presentaiton
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Group Financial Results for the six months ended 30 June 2020
New lending' at €238 mn in 2Q2020, reflecting COVID-19 lockdown
98% of new exposures² in Cyprus since 2016 were performing at the
start of the moratorium
€ mn
€ bn
Non-legacy gross loans³ by business activity
% change qoq
3.97
3.95
0.6%
563
35
548
30
491
-47%
59
451
59
443
18
49
Private
Individuals
Hotels &
1.06
Catering
1.03
1.00
302
Trade
325
1.04
225
254
214
1.02
238
17
Real Estate
1.01
79
62
47
100
43
42
Shipping & Syndicated loans
Corporate
0.64
Other sectors
0.65
SME
81
79
25
99
90
96
69
Retail Housing
Professional
0.60
& Other services
0.60
66
67
47
45
Retail other
42
27
0.53
1Q2019
2Q2019
3Q2019
4Q2019
1Q2020
2Q2020
Construction
0.53
Following the outbreak of COVID-19, new lending is focused on supporting the
Cypriot economy
Manufacturing
0.33
0.34
Strong market share of 52.6% in new housing loans in 1H2020
Jun 2020
Mar 2020
3.4%
-4.5%
0.8%
-0.7%
-1.1%
0.1%
-2.2%
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High quality origination via prudent underwriting standards
New lending demand expected to pick up in 2H2020, especially for housing
loans in the context of the government scheme for interest rate subsidy
Strong pipeline of over €65 mn for new housing loans, as at 21 August 2020
Bank of Cyprus Holdings
(1) New disbursements in the reporting period including the average YTD change (if positive) for overdraft facilities
(2) Facilities/limits approved in the reporting period
(3) Gross loans as at 30 June 2020: Corporate (incl. IB and W&M and Global Corporate), SME, Retail, Insurance
and H/O
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