Investor Presentaiton
Group Financial Results for the six months ended 30 June 2020
RWA intensity¹ reduced to 55% in 2Q2020, pro forma for Helix 23
RWAs reduced by > €10 bn since peak 2014
Jun 20
RWAs
Dec 19
Mar 20
Jun 20
Helix 2
Helix 2
DPP 2
Pro forma for
Helix 23
€ mn
12,890
12,599
11,960
(370)
258
11,848
RWA intensity¹ reduced to 55%, pro forma for Helix 23
85%
85%
85%
73%
70%
61%
62%
56%
55%
-6 p.p.
Dec 14
Dec 15
Dec 16
Dec 17
Dec 18
Dec 19
Mar 20
Jun 20
Jun 20
pro forma
Helix 23
(1) Risk Weighted Assets over Total Assets
(2) Deferred Purchase Price: 65% of consideration without any conditions attached, payable in three broadly equal instalments over 48 months from completion
(3) Calculations on a pro forma basis assume completion of the transaction
Bank of Cyprus Holdings
•
c.€640 mn RWA relief qoq
- c.€380 mn (SME factor)
- c.€260 mn balance sheet de-risking
•
RWA intensity reduced to 56%, down 6 p.p. qoq,
on lower RWAS and higher Total Assets,
following €1 bn utilisation of TLTRO III
RWA intensity¹ decreased to 55% pro forma for
Helix 23, as the RWA release will be largely offset
by the RWA of the Deferred Purchase Price²
Upon payment of the DPP2, RWA intensity will
decrease to 54%
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