Investor Presentaiton
€0.5 bn NPE Trade Delivers Accelerated Risk Reduction
•
.
Group Financial Results for the year ended 31 December 2020
€507 mn Helix 2 portfolio B
(€ mn)
507
8
58
SMES
Performing
of which NPES
Provisions Held
NPES:
€499 mn
Other³
31 December 2020
Assets sold
€ mn
Contractual Loans¹
Gross Loans
783
Receipts
Consideration
507
of which:
499
Cash
(308)
49
- Deferred Purchase Price
Transaction Costs and other adjustments
Retail
441
Consideration net of transaction costs and
Carrying Value of assets being sold
248
other adjustments
P/L Impact: (27)
Dec 20
Contractual balance¹ of €783 mn as at 30 Sep 2019
Portfolio comprises c. 16,000 loans, mainly to Retail and SME clients, secured over c.4,000 real estate collaterals
Completion remains subject to a number of customary regulatory and other approvals, currently estimated to occur in early 2H2021
1)
The difference between the contractual balance and the GBV relates to IFRS adjustments/unrecognised income and non-contractual write-offs
2)
DFAs and cash already received by 31 December 2020
Bank of Cyprus Holdings
€ mn
243
122
121
(22)
221
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