Investor Presentaiton
Basis of Presentation
This announcement covers the results of Bank of Cyprus Holdings Public Limited Company, "BOC Holdings" or "the
Company", its subsidiary Bank of Cyprus Public Company Limited, the "Bank" or "BOC PCL", and together with the Bank's
subsidiaries, the "Group", for the year ended 31 December 2022.
At 31 December 2016, the Bank was listed on the Cyprus Stock Exchange (CSE) and the Athens Exchange. On 18 January
2017, BOC Holdings, incorporated in Ireland, was introduced in the Group structure as the new holding company of the
Bank. On 19 January 2017, the total issued share capital of BOC Holdings was admitted to listing and trading on the LSE
and the CSE.
Financial information presented in this announcement is being published for the purposes of providing an overview of the
Group financial results for the year ended 31 December 2022.
The financial information in this announcement is not audited and does not constitute statutory financial statements of BOC
Holdings within the meaning of section 340 of the Companies Act 2014. The Group statutory financial statements for the
year ended 31 December 2022 are expected to be delivered to the Registrar of Companies of Ireland within 56 days of 30
September 2023 (as at the date of this report, such statutory financial statements have not been reported on by independent
auditors of BOC Holdings). The Board of Directors approved this financial information on 17 February 2023. BOC Holdings'
most recent statutory financial statements for the purposes of Chapter 4 of Part 6 of the Companies Act 2014 of Ireland for
the year ended 31 December 2021, upon which the auditors have given an unqualified audit report, were published on 30
March 2022 and have been annexed to the annual return and delivered to the Registrar of Companies of Ireland.
Statutory basis: Statutory information is set out on pages 4-5. However, a number of factors have had a significant effect
on the comparability of the Group's financial position and performance. Accordingly, the results are also presented on an
underlying basis.
Underlying basis: The financial information presented under the underlying basis provides an overview of the Group
financial results for the year ended 31 December 2022, which the management believes best fits the true measurement of
the financial performance and position of the Group. For further information, please refer to 'Commentary on Underlying
Basis' on page 7. The statutory results are adjusted for certain items (as described on pages 9-10) to allow a comparison
of the Group's underlying financial position and performance, as set out on pages 4-5.
The financial information included in this announcement is neither reviewed nor audited by the Group's external auditors.
This announcement and the presentation for the Group Financial Results for the year ended 31 December 2022 have been
posted on the Group's website www.bankofcyprus.com (Group/Investor Relations/Financial Results).
Definitions: The Group uses definitions in the discussion of its business performance and financial position which are set
out in section F, together with explanations.
The Group Financial Results for the year ended 31 December 2022 are presented in Euro (€) and all amounts are rounded
as indicated. A comma is used to separate thousands and a dot is used to separate decimals.
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