Performance and Capital Position Overview
Improved Loan Quality for Top 20 Group Exposures - REMU related activity
Top 20 group exposures 1 as at end of each quarter
Gross Loans (€ bn)
90+ DPD €bn
90+DPD ratio
Restructured loans ratio of Total Gross Loans
Total coverage (Provisions & Collateral over Total Gross Loans)
110%
107%
107%
113%
115%
110%
78%
79%
79%
80%
72%
66%
64%
58%
52%
52%
53%
49%
3,51 2,74
3,42 2,71
3,39 2,69
3,21 2,56
3,15 2,25
3,02 1,99
Dec-14
Mar-15
Jun-15
Sep-15
Dec-15
Mar-16
Real Estate Management Unit (REMU) as at 31 March 2016
REMU movement of
1Q2016
Cyprus
•
Top 20 group exposures¹ down by €0,3 bn
(or 4%) qoq and by €0,7 bn (or 12%) yoy;
90+ DPD ratio was reduced to 66% at 31
March 2016,
Total Coverage of the top 20 group
exposures totalled 110% compared to 115%
previous quarter
Greece
Other countries¹
Total
Group
•
37
516
Stock 1 January 2016
308
171
Additions
284
1
285
Disposals
(48)
(48)
Impairment loss
(4)
(3)
(7)
Total Stock 31 March 2016
540
168
38
746
(1) Total Exposures include on balance sheet.
Upon set up properties totalling €516 mn
were transferred to REMU
• During 1Q2016, REMU acquired €285 mn
of assets via the execution of consensual
debt to asset swaps. As at 31 March 2016,
REMU has a total stock of properties of
€746 mn
Bank of Cyprus
50
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