Bank of Cyprus Credit Ratings and Financial Position
Risk Weighted Assets- Regulatory Capital
Risk Weighted Assets by Geography (€ mn)
Reconciliation of Group Equity to CET1
€ mn
31.03.23
31.12.21
30.09.22
31.12.22
31.03.23
Shareholder's equity
1,899
Cyprus
10,595
10,472
10,059
10,108
Less: Intangibles
(28)
Overseas
99
66
55
56
Less: Deconsolidation of insurance entities and other entities¹
(123)
RWAS
10,694
10,538
10,114
10,164
Less: Regulatory adjustments
(200)
RWA intensity
43%
40%
40%
40%
CET1
1,548
Risk Weighted Assets
10,164
CET1 ratio²
15.2%
Risk Weighted Assets by type of risk (€ mn)
CET1 ratio fully loaded
15.2%
31.12.21
30.09.22
31.12.22
31.03.23
Credit risk
9,678
9,523
9,103
9,153
Market risk
Operational risk
1,016
Total
10,694
1,015
10,538
1,011
10,114
1,011
10,164
1)
2)
Includes for compliance with CRR an accrual for an estimated final dividend at a payout ratio of 30% of the Group's adjusted
recurring profitability in line with the Group's approved dividend policy. Any recommendation for a dividend is subject to
regulatory approval
Includes unaudited/unreviewed profits for 1Q2023 and for compliance with CRR an accrual for an estimated final dividend at a
payout ratio of 30% of the Group's adjusted recurring profitability in line with the Group's approved dividend policy. Any
recommendation for a dividend is subject to regulatory approval
3) Capital amounts and ratios include profits for the year ended 31 December 2022; restated following ECB approval and BOD
recommendation for a final dividend payment of €22.3 mn out of FY2022 profitability. Dividend payment is subject to
shareholders approval at the AGM on 26 May 2022
Equity and Regulatory Capital (€ mn)
31.12.21
31.12.223
31.03.232
Total equity excl. non-controlling interests
2,059
2,027
2,119
CET1 capital
1,620
1,540
1,548
Tier I capital
1,840
1,760
1,768
Tier II capital
300
300
300
Total regulatory capital (Tier I + Tier II)
2,140
2,060
2,068
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