Investor Presentaiton
Group Financial Results for quarter ended 31 March 2021
Suspension of foreclosures for primary residences extended until 31 July 2021
Foreclosures
commenced
1Q2020
2Q2020
3Q2020
4Q2020
1Q2021
Cumulative
2016-20181
FY2019
FY2020
1Q2021
1,437
1,829
1,5532
274
5932
Auctions held
470
807
6322
83
1642
2,211 properties were resolved since 2016
Sold at auction
353
868
Repossessed 2
3
•
990
Consensual deals
2,211
1)
723
2)
3)
4)
Excluding Helix 1
Properties that have been auctioned unsuccessfully at least once
Includes DFAs, restructurings and settlements
With revenue of up to €2 mn per annum and less than 10 employees
Bank of Cyprus Holdings
227
733
274
468
83
Following outbreak of the pandemic, foreclosures for primary residences <€350k and
"very small business premises”4 suspended until the end of Mar 2021, via a legislation
enacted on 29 December 2020 by the Cyprus Parliament
In early May, further legislation was enacted extending the suspension of foreclosures
until 31 July 2021 for primary residences with <€500k, very small business premises4
and agricultural fields with value up to €250k
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