Group Financial Results
Group Financial Results for the year ended 31 December 2020
Encouraging trends as payment deferrals end
Expired Payment Deferrals: payment behaviour
€ bn
5.9
Overdrafts1
0.3
0.3
Eligible NPEs that
participated in moratorium
Performing loans with
3.8
instalment due by 19 Mar-21
19 Mar 2021
Σ
96% of expired performing
payment deferrals with
instalment due by 19 Mar
2021, resumed payments
Performing loans with
instalment due
after 19 Mar-21
1.5
•
•
0.9
0.3
0.3
19 Mar-21 -
31 Mar-21
2Q2021
2H2021
•
Total gross loans portfolio (€12.3 bn in Dec-20)
Delinquency buckets show resilience
74.6%
•
Cautiously optimistic based on customer behaviour by 19 Mar 2021
€5.9 bn of loans under 2020 moratorium which expired on 31 Dec 2020:
€0.3 bn relate to overdrafts1
•
€3.8 bn of performing loans had an instalment due by 19 Mar 2021;
96% resumed payments
€0.3 bn of performing loans have an instalment due between 19 Mar
2021 and end of Mar 2021
€0.3 bn relate to NPEs at the start of the moratorium that were
eligible and participated in the scheme
Careful monitoring of arrears in 2021
In close contact with customers with early arrears to offer solutions as
necessary
0 arrears
1-30 days
31-90 days
over 90 days
1.1%
0.1%
■ 0.3%
0.5%
0.9%
0.1%
■ 0.3%
■ 0.4%
--
Bank of Cyprus Holdings
79.6%
79.3%
79.1%
Dec 20192
Dec 20202
Feb 2021
23.4%
20.2%
20.1%
22 Mar 2021
1)
20.0%
2)
•
Second moratorium launched in Jan 2021 for customers impacted by
second lockdown
•
Application period expired on 31 Jan 2021; c.€20 mn approved
Payment deferrals up to Jun 2021
Total months under moratorium, when including 2020 moratorium,
cannot exceed 9 months
Overdrafts and current accounts have no instalment due
Arrears as at 31 Dec 2020, 31 Jan 2021 and 12 Feb 2021 are calculated based on the new regulation on Definition of Default
implemented as of 1 Jan 2021, affecting NPE exposures and the calculation of Days-Past-Due
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