Investor Presentaiton
ELA Reliance Reducing Fast
Continuous reduction of ELA with further potential going forward
Actions for further ELA reduction
11,40
11,11
9,86
9,56
9,51
8,78
34%
32%
31% 31%
31%
28% -28%
26%
23%
20%
7,68
7,40
6,90
16%
15%
5,90
4,90
€7,9 bn reduction of ELA since peak
3,80
3,50
Apr Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec 25 Feb
2013 2013 2013 2013 2014 2014 2014 2014 2015 2015 2015 2015 2016 1
ELA % Total Assets
ELA (€ bn)
•
•
•
New deposit inflows
Regaining access to wholesale and interbank
market
Maturity of non-core bonds
Issue senior unsecured debt and enter into
repos with counterparties, subject to market
conditions
Retention of cash profits from operations
Proceeds from deleveraging
Covered bond secured with commercial real
estate assets eligible for ECB funding
Full repayment of ELA by end of 2017
(1) Ratio of ELA Funding % Total Assets for 25 February 2016 is based on total assets at 31 December 2015
Bank of Cyprus
10
KOINO
WKYNРIW
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