Bank of Cyprus Credit Ratings and Financial Position
2)
3)
323
1)
Non interest income at €72 mn in 1Q2023
Total non
NII (€ mn)
85676
11
38
227
79
76
72
71
4
2
2
17
6
14
16
13
10
10
10
6
35
45
45
1Q2022
2Q2022
15
45
45
42
3Q2022
4Q2022
Comparative information restated for transition to
IFRS 17 from IFRS 4
1
REMU
FX and other income²
Net insurance result³
10
•
44
1Q2023
Liquidity & NPE sale-related servicing fees
Net fee & commission
•
.
•
•
•
QoQ Performance (1Q2023 vs 4Q2022)
Net fee and commission income net of liquidity fees and NPE sale-related
servicing fee, down 3% reflecting seasonally lower transactional fees
As a reminder, liquidity fees and NPE sale-related servicing fees terminated
in December 2022 and in February 2023 respectively
Net insurance result³ broadly flat
Net FX and other income² down 3% due to lower FX income through FX
swaps partly offset by high revaluation gain in financial instruments
YoY Performance (1Q2023 vs 1Q2022)
Net fee and commission income net of liquidity fees and NPE sale-related
servicing fee up 16% reflecting the introduction of price adjustments in
February 2022, higher non-transactional fees and higher credit card
commissions
Net FX and other income² more than doubled, reflecting higher foreign
exchange gains through FX swaps and higher revaluation gain in financial
instruments
Net FX gains/(losses) & net gains/(losses) on financial instruments are
volatile profit contributors
Gains/(losses) from revaluation and disposal of investment properties and on disposal of stock of properties
Net FX gains/(losses) & Net gains/(losses) on financial instruments, and other income
Previously called insurance income net of insurance claims
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