Investor Presentaiton
Net Interest Income and Net Interest Margin
Net Interest Income and Net Interest Margin
Interest income from Laiki Recapitalisation bond (€ mn)
Net interest income (other) (€ mn)
NIM (bps)
FY2014:
394
423
390
9M2015:
385
394
382
381
379
370
262
248
231
225
227
212
44
205
43
26
26
25
22
9
205
218
205
199
202
190
196
1Q2014 2Q2014
3Q2014
4Q2014 1Q2015 2Q2015
Evolution of Yield of Loans, Cost of Deposits and
Customer Spread in Cyprus operations* (bps)
■1Q2015 2Q2015** ■3Q2015
3Q2015
9M2015:
549
573
537
536
9M2015:
428
9M2015:
120
434
418 432
139
119
104
Yield on Loans
Cost of Deposits
Customer spread
• 3Q2015 Group Net Interest Income (NII) at €205 mn
compared to €212 mn for 2Q2015, reflecting the
reduction in lending rates in March 2015, the gradual
repricing of deposits and the partial repayment of a
bond by the Republic of Cyprus in June 2015; Group
Net Interest Margin (NIM) remains healthy at 3,70%
for 3Q2015, compared to 3,79% for 2Q2015
• Customer spread in Cyprus increased to 432 bps in
3Q2015 compared to 418 bps in 2Q2015, as the
repricing of deposits lagged the earlier repricing of
loans
Includes all currencies
2Q2015 and year to date 1H2015 that has been adjusted to exclude non recurring items
Bank of Cyprus
KOINO
WKYNРIW
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