Investor Presentaiton
SREP and MREL requirements
SREP requirements for 2021: CET1 ratio at 9.7%
Group Financial Results for quarter ended 31 March 2021
SREP requirements for 2021: Total Capital ratio at 14.5%
14.5%
14.5%
1
11.0%
O-SII
1.0%
1.0%
1
O-SII
1.0%
2
2.5%
2.5%
CCB
9.7%
9.7%
2.5%
CCB 2
1.0%
1.0%
Pillar 2R
3.0%
3.0%
2.5%
2.5%
Pillar 2R
3.0%
Tier 2
2.0%
2.0%
1.7%
1.7%
AT1/
1.5%
Total
1.5%
Pillar 1
Pillar 1
4.5%
4.5%
4.5%
Pillar 1
4.5%
of 8%
4.5%
2020
2020
2021
2020
2021
post ECB
announcement
MREL requirements
•
Based on BRRD II
MREL ratio
•
15.03% of RWAs and c.9% of LRE as at 31 Mar 2021
•
The Bank (BOC) is the resolution entity
•
Final Target of 23.32% of RWAs and 5.91% of Leverage Ratio Exposure
(LRE) to be met by 31 Dec 2025
•
15.27% of RWAs as at 31 Mar 2021 pro forma for Helix 23
.
•
Interim Target of 14.94% of RWAs and 5.91% of LRE to be met by 01 Jan
2022
Does not include capital used to meet the CBR, currently at 3.5% and expected
to increase to 4% on 1 Jan 2022
1)
The Central Bank of Cyprus (CBC) set the O-SII buffer for the Group at 2%. This buffer will be phased-in gradually, having started from 1
January 2019 at 0.5% and increasing by 0.5% every year thereafter, until being fully implemented (2.0%). In April 2020 the CBC, as part
of the COVID measures, decided to delay the phasing-in by 12 months (1 January 2023). As a result, the phasing-in of 0.5% on 1
January 2021 has been delayed for 12 months
Bank of Cyprus Holdings
2)
3)
In accordance with the legislation in Cyprus which has been set for all credit institutions the applicable rate of the CCB was fully phased
in at 2.5% in 2019
Calculations on a pro forma basis assume legal completion of both Helix 2 Portfolio A and Helix 2 Portfolio B
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