Investor Presentaiton
Consolidated Income Statement by quarter
€ mn
Net interest income
Net fee and commission income
Insurance income net of insurance claims
Core income
Other income
Total income
4Q2015
3Q2015
2Q20151
1Q20151
4Q20141
198
205
212
227
225
38
36
36
43
35
16
12
9
11
10
252
253
257
281
270
(2)
4
6
253
251
261
274
276
Staff costs
Other operating expenses
(57)
(59)
(59)
(59)
(59)
(62)
(43)
(33)
(43)
(56)
Total expenses
(119)
(102)
(92)
(102)
(115)
Profit before provisions and impairments, gains on derecognition and changes in expected cash
I flows on acquired loans, restructuring costs and discontinued operations
134
149
169
172
161
Provisions for impairment of customer loans net of gain on derecognition of loans and changes in
expected cash flows on acquired loans
(630)
(96)
(123)
(110)
(312)
Impairments of other financial and non-financial assets
(24)
(6)
(30)
(1)
(57)
Share of profit/(loss) from associates and joint ventures
2
1
3
i (Loss)/profit before tax, restructuring costs and discontinued operations
(518)
48
17
62
(205)
Tax
8
(1)
Profit attributable to non-controlling interests
1
5
0
17
(Loss)/profit after tax and before restructuring costs, discontinued operations and net profit on
disposal of non-core assets
(509)
45
15
55
(189)
Restructuring costs
(16)
(5)
(14)
(8)
(4)
Loss from disposal group held for sale / discontinued operations
0
(9)
(11)
(18)
(131)
Net (loss)/gain on disposal of non-core assets
13
(18)
41
(13)
(512)
13
31
29
(337)
I (Loss)/profit after tax
(1) As from 4Q2014, the Group's operations in Russia are treated as disposal group held for sale and results have been presented
accordingly as discontinued operations according to IFRS 5. In September 2015, the Bank completed the sale of the majority of its
Russian operations. The part of the operations not disposed of, has ceased to be classified as held for sale and its results are
presented as part of the continuing operations
Bank of Cyprus
25
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