Investor Presentaiton
Decomposition of payment deferrals
Non-legacy gross loans of €9.2 bn
Private Individuals
IFRS 9 staging for expired loan payment deferrals
€ bn
0.37
2.01
Private
individuals
Expired Payment Deferrals:
€2.08 bn (51%)
€4.09 bn
1.71
Businesses
€ bn
1.32
Businesses
€5.11 bn
1.94
Expired Payment Deferrals:
€3.79 bn (74%)
1.7%
3.3%
28.3%
1.31
0.63
0.14
Stage 1
Stage 2
Stage 3
1.5%
2.8%
23.7%
2.65
0.95
0.19
1.85
Stage 1
Stage 2
Stage 3
Loans under payment deferrals with instalment due after 15 Feb-21
Loans under payment deferrals with instalment due by 15 Feb-21
Loans not on moratorium
Dec 2020
Coverage
1)
Re-performing: pipeline to exit NPEs subject to meet all exit criteria; the analysis is performed on a customer basis (formerly called Non-core NPEs)
Bank of Cyprus Holdings
Group Financial Results for the year ended 31 December 2020
Private Individuals
• 93% of expired payment deferrals of private
individuals with an installment due by 15 Feb
2021 resumed payments
Reclassifications of c.€240 mn gross loans from
Stage 1 to Stage 2 in FY2020, mainly due to the
deterioration of the macro assumptions,
significant increase in credit risk and management
overlays
Migration of c.€85 mn gross loans from Stage 2 to
Stage 1 mainly due to enriched data availability
Businesses
•
•
97% of expired payment deferrals of businesses
with an installment due by 15 Feb 2021 resumed
payments
Reclassifications of c.€450 mn from Stage 1 to
Stage 2 in FY2020, mainly due to the deterioration
of the macro assumptions, significant increase in
credit risk and management overlays
Migration of c. €290 mn gross loans from Stage 2 to
Stage 1 mainly due to enriched data availability
Adequate coverage of Stage 3 expired payment
deferrals; higher than the coverage of re-
performing NPES1 (slide 32)
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