Investor Presentaiton
Group Financial Results for the nine months ended 30 September 2020
Balance sheet de-risking results in a smaller but safer loan book
Net Loans: Non-legacy 2 vs Legacy
Interest Income on Loans: Non-legacy 2 vs Legacy
€ mn
€ bn
15.62
14.55
36%
5.64
12.04
4.40
10.73
105
10.45
10.38
10.04
98
96
3.39
93
1.79
90
1.52
1.45
1.11
11%
29
23
85
23
24
24
18
17
12
64%
9.98
10.15
8.65
8.94
8.93
8.93
8.93
89%
76
75
72
75
15
73
73
Dec 16
Dec 17
Dec 18
Dec 19
Jun 20
Sep 20
Legacy
Non-legacy
Sep 20
pro forma
3Q2019
4Q2019
1Q2020
2Q2020
3Q2020
Legacy
Non-legacy
for Helix 21
.
Lower but higher quality income resulting from balance sheet de-risking
•
Interest income of non-legacy book decreased by €2 mn qoq
•
Interest income of legacy book decreased by €1 mn qoq as balance sheet de-risking continues
Interest on Net NPEs not received in cash, fully provided
•
Lending rates remain under pressure due to the sustained low interest rate environment
1)
Calculations on a pro forma basis assume completion of the transaction
2)
Gross loans as at 30 September 2020 of Corporate (incl. IB and W&M and Global Corporate), SME, Retail, and H/O
Bank of Cyprus Holdings
3Q2020
pro forma
for Helix 2¹
1
68View entire presentation