Preliminary Group Financial Results for the year ended 2014
Cyprus: Summary Income Statement and Key Indicators
€ mn
FY2014
FY2013 4Q2014
3Q2014
2Q2014
1Q2014
Net interest income
919
834
216
216
251
236
Net fee and commission income
145
132
34
35
36
40
Net foreign exchange gains/(losses) and net profits/(losses) on other
financial instruments
9
18
14
(10)
(1)
6
Insurance income net of insurance claims
43
57
10
9
12
12
Other income/(expenses)
(2)
(19)
(1)
5
(1)
Total income
1.114
1.022
273
245
303
293
Staff costs
(221)
(247)
(55)
(55)
(55)
(55)
Other operating expenses
(168)
(147)
(54)
(38)
(40)
(36)
Total expenses
(389)
(394)
(110)
(93)
(95)
(91)
Profit before provisions and impairments, gains on derecognition and
changes in expected cash flows on acquired loans, restructuring costs
and discontinued operations
725
628
164
152
208
202
Provisions for impairment of customer loans
(580)
(856)
(207)
(101)
(163)
(109)
Gains on derecognition and changes in expected cash flows on acquired
loans
47
27
30
6
4
7
Impairments of other financial and non-financial assets
(81)
(24)
(48)
1
(34)
(0)
Share of profit from associates
5
2
3
2
2
I Profit/(loss) before tax, restructuring costs and discontinued
i operations
116
(223)
(59)
57
16
102
L
Tax
(Loss)/profit attributable to non-controlling interests
1
1
1
(0)
(0)
(0)
I
I Profit 7(loss) after tax and before restructuring costs, discontinued
operations and net profit on disposal of non-core assets
114
(219)
(57)
55
15
101
Cost to income ratio
Net interest margin (%)
35%
39%
40%
38%
31%
31%
3,85%
3,53%
3,79%
3,54%
4,23%
3,84%
Bank of Cyprus
KOINO
ΚΥΠΡΙ
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