Investor Presentaiton
REMU-the engine for dealing with foreclosed assets
€1.37 bn sales of 2,240 properties across all property classes since set-up
Sales contract prices¹ (€ mn)
Breakdown of cumulative sales¹
by on-boarding year ( € mn)
# 99
# 331
# 575
# 5792
# 492
# 164
Legacy 3
Sales €1.37 bn
179
330
238
505
307
Group Financial Results for quarter ended 31 March 2021
2016
2017 2018 2019 2020
582
340
118 €1,371
19
% Sales
of vintage stock
58%
50%
51%
33%
160
(BV)4
345
91
28
2016
2017
2018
2019
FY2020
1Q2021
Cyreit
Sales
# properties
Bank of Cyprus Holdings
7234
2)
3)
4)
Amounts as per Sales purchase Agreements (SPAs)
Number of properties sold include 21 properties from the disposal of Cyreit and 23 properties from NPE sale (Helix)
Legacy properties relate to properties that were on-boarded before REMU set-up in January 2016
The BV of the properties disposed at the date of disposal as a proportion of the: BV of the properties disposed at the time of the disposal
plus the BV of the residual properties managed by REMU as at 31 December 2020
53View entire presentation