Group Financial Results H1 2016
Expansion of UK operations
•
BOC UK is growing its lending business in order to improve profitability; Self funded growth through retail deposits
BOC UK has a branch in North London and business centres in Central London, South London and Birmingham and focuses on
meeting the needs of entrepreneurs and owner-managed businesses
•
Executive team strengthened with a new CFO, CRO, Chief Customer & Commercial Officer and MD Consumer
Gross loans and customer deposits (bn)
Key figures
£mn
1H2016
1H2015 2Q2016
1Q2016
Euro (€)
Sterling pound (£)
1,49
Operating profit
3.342
2.178
1,43 1,43
1.21
Increase 9%
1.200
2.142
1,14
1,17
Increase 12%
1,04 1,08 1,13
Profit before tax
3.629
1.839
0,83 0,88 0,93
1.408
2.221
Loans by sector as at 30 June 2016
1%
2%
19%
Dec Mar Jun-
15 16 16
Dec
15
Mar Jun-
16 16
Dec Mar- Jun-
15 16 16
Dec Mar- Jun-
15 16 16
Gross Loans
Customer Deposits
Gross Loans
Customer Deposits
■ Corporate
78%
■SMES
■Consumer credit
Housing
Bank of Cyprus
KOINO
KYMPI
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