Investor Presentaiton
Risk adjusted yield will rise as Legacy book reduces
Profitability
Capital &
balance
Sheet
Non-
Legacy
Legacy
Group
9M2020
9M2020
9M2020
•
Interest Income on loans (€ mn) (pre
FTP)
220
59
279
Loan credit losses (€ mn)
(6)
(112)
(118)
Interest Income net of loan credit
214
(53)
161
losses (€ mn)
Cost of Risk
Effective Yield
Risk adjusted Yield¹
•
0.08%
4.36%
1.25%
3.29%
4.88%
3.54%
3.21%
(4.45%)
2.04%
Group Financial Results for the nine months ended 30 September 2020
•
Non-Legacy Book is expected to grow and to
increasingly drive Group results
Legacy book revenues predominantly driven
by loan credit losses unwinding (but offset via
loan credit losses)
Interest on Net NPEs not received in cash,
fully provided (€10 mn in 3Q2020)
As Legacy book reduces:
Group risk adjusted yield expected to
rise
Group Risk intensity expected to fall
supporting CET1 ratio build
Average Net Loans (€ mn)
8,930
1,607
10,537
.
RWA Intensity²
47%
105%
55%
Global corporate,
Corporate
RRD
IB, W&M
1)
Interest Income on loans net of allowance for expected loan credit losses/ Average Net Loans
2)
Risk Weighted Assets over Total Assets
Bank of Cyprus Holdings
SME and
Retail Banking
REMU
Overseas non
core
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