Financial Analysis and Currency Deposits
Liquid balance sheet positively geared to higher interest rates
1
Cash and balances with Central Banks of €9.91 bn, of which
€3 bn TLTRO
2)
3)
4)
7234
25.84
25.84
Other assets
2.25
1.24
Other
(including HFS)
1.15
2.09
REMU properties
0.40
Equity
0.61
Wholesale
5
Legacy net loans
2.96
3
Funding from
2
2
0.49
Central Bank
Net performing loans
9.72
Due to banks
3
2
Securities
Due from banks
2.10
0.31
IEA1
3
18.45
Customer
deposits
4
Cash and balances
1
9.91
with Central Banks
Total assets
Total liabilities
& equity
Interest earning assets
Non-legacy loans of corporate (including IBU, W&M and Large and International corporate), SME and Retail
Debt securities, treasury bills and equity investments
Excluding TLTRO (€3 bn) and Exempt Tier (€1 bn)
4
•
ECB depo rate rises benefit to be booked immediately
c. €12 mn4 benefit in 2H2022 from the 50 bps July 2022
rate rise
Securities of €2.10 bn
Conducive conditions for fixed income portfolio
expansion going forward
Net loans of €10.12 bn (of which €9.72 bn performing book)
•
48% linked with Euribor
23% linked with Bank's base rate
15% linked with ECB MRO rate
Customer deposits of €18.45 bn
•
Cyprus banking system has ample liquidity, so no
immediate deposit repricing expected
•
Liquidity fees charged from March 2021, contributed
c. €8 mn in 1H2022, expected to phase out as interest
rates pick up
5 Wholesale funding of €0.61 bn
Expected to gradually increase to comply with MREL
requirements
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