Financial Analysis and Currency Deposits
Glossary & Definitions
NPES sales
Non-legacy (performing)
Phased-in Capital Conservation
Buffer (CCB)
NSFR
OMV
Operating profit
p.p.
Profit/(loss) after tax and before non-
recurring items (attributable to the
owners of the Company)
Profit/(loss) after tax - organic
(attributable to the owners of the
Company)
Pro forma for HFS (held for sale) and
VEP (Voluntary Exit Plan)
Project Helix 2
Project Helix 3
Project Sinope
Qoq
Restructured loans
Return on Tangible equity (ROTE)
after tax and before non-recurring
items
NPE sales refer to sales of NPE portfolios completed, as well as contemplated and potential future sale transactions, irrespective of whether or not they met the held for sale classification criteria at
the reporting dates.
Relates to all business lines excluding Restructuring and Recoveries Division ("RRD"), REMU and non-core overseas exposures
In accordance with the legislation in Cyprus which has been set for all credit institutions, the applicable rate of the CCB is 1.25% for 2017, 1.875% for 2018 and 2.5% for 2019 (fully phased-in).
The NSFR is calculated as the amount of "available stable funding" (ASF) relative to the amount of "required stable funding" (RSF). The regulatory limit, enforced in June 2021, has been set at
100% as per the CRR II.
Open Market Value
The operating profit comprises profit before Total loan credit losses, impairments and provisions (as defined), tax, (profit)/loss attributable to non-controlling interests and non-recurring items (as
defined).
percentage points
This refers to the profit or loss after tax (attributable to the owners of the Company), excluding any 'non-recurring items' (as defined).
This refers to the profit or loss after tax (attributable to the owners of the Company), excluding any 'non-recurring items' (as defined, except for the 'advisory and other restructuring costs - organic').
References to pro forma figures and ratios as at 30 June 2022 refer to Project Helix 3, Project Sinope and to VEP. They are based on 30 June 2022 underlying basis figures and assume their
completion, currently expected to occur in 2H2022. The completion of Project Helix 3 remains subject to customary regulatory and other approvals. Project Sinope was completed in August 2022.
VEP refers to the Voluntary Staff Exit Plan that the Group completed in July 2022, through which c.550 applicants were approved to leave at a total cost of c.€99 mn, expected to be recorded in the
3Q2022 income statement.
Project Helix 2 refers to the sale of portfolios of loans with a total gross book value of €1.3 bn completed in June 2021. For further information please refer to section B.2.5 'Loan portfolio quality' of
the Press release.
Project Helix 3 refers to the agreement the Group reached in November 2021 for the sale of a portfolio of NPEs with gross book value of €568 mn, as well as real estate properties with book value of
c. €120 mn as at 30 September 2021. For further information please refer to section 'B.2.5 Loan portfolio quality' of the Press release.
Project Sinope refers to the agreement the Group reached in December 2021 for the sale of a portfolio of NPES with gross book value of €12 mn as at 31 December 2021, as well as properties in
Romania with carrying value €0.6 mn as at 31 December 2021. For further information please refer to section 'B.2.5 Loan portfolio quality' of the Press release.
Quarter on quarter change
Restructuring activity within quarter as recorded at each quarter end and includes restructurings of NPEs, performing loans and re-restructurings.
Return on Tangible Equity (ROTE) after tax and before non-recurring items is calculated as Profit/(loss) after tax and before non-recurring items (attributable to the owners of the Company) (as
defined) (annualised), - (based on year to date days)), divided by the quarterly average of Shareholders' equity minus intangible assets at each quarter end
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