Investor Presentaiton
Group Financial Results for quarter ended 31 March 2021
Gross loans and coverage by IFRS 9 staging
Gross loans by IFRS 9 stage (€ mn)
Allowance for expected loan credit losses (€ mn)
Coverage ratio
12,822
12,261
12,281
10,942
Mar 21
Dec 19
Dec 20
Mar 21
pro forma
for Helix 21
Stage 1
1.2%
1.4%
1.4%
1.4%
1,706
1,002
51.96
Stage 2
2.5%
3.3%
2.7%
2.3%
855
Mar 21
pro forma
for Helix 21
Stage 3
50.6%
56.1% 56.7%
50.3%
Stage 1
7,209
6,870
7,061
64%
7,051
2,096
90
44
1,902
95
76
1,869
102
61
Stage 2
1,733
2,305
2,208
20%
1,962
2,190
Stage 3
3,880
3,086
3,012
16%
1,701
Dec 19
"
1,731
Dec 20
Mar 21
Mar 21
Dec 19
Dec 20
Mar 21
pro forma
% of gross loans
for Helix 21
Coverage for stage 3 loans remains at c.50% post Helix 2
• Net transfer of €53 mn of loans under expired payment deferrals from Stage 2 to Stage 1:
•
Transfer of €304 mn of loans under expired payment deferrals from Stage 1 to Stage 2 as a result of management overlays and restructurings
Migration of €357 mn of loans under expired payment deferrals from Stage 2 to Stage 1, mainly due to good performance of loans to private individuals
after the end of the payment deferrals
• Transfer of €14 mn of loans were under expired payment deferrals mainly from Stage 2 to Stage 3
1)
Calculations on a pro forma basis assume legal completion of both Helix 2 Portfolio A and Helix 2 Portfolio B
Bank of Cyprus Holdings
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