Preliminary Group Financial Results for the year ended 2014
Balance Sheet* Deleverage - Shrinking to Strength
Jun
Dec
Mar
Jun
Sep
Dec
Change
Since
€ mn
2013
2013
2014
2014
2014
2014
Jun
2013
Cash & bank placements
3.012
2.530 2.105
1.973 2.417
2.908
-104
Investments
3.413
3.433 3.475
3.538
2.578
2.541
-872
Net Loans
23.769 21.764 21.234
20.063
19.794 18.748
-5.021
Net loans reduction driven by
disposal of non-core assets and
the ongoing deleveraging
Other assets
2.762 2.622 2.564 2.984
Total assets
32.956
30.349 29.378 28.558
2.694
27.483
2.637
26.834 -6.122
-125
Customer deposits
16.970
ECB funding
-
1.400
14.971 14.066 13.803 13.330
1.400 1.400 920
880
13.169 -3.801
880
Deposit reduction less than
reduction in net loans
ELA
11.107
9.556 9.506
8.785 7.684
7.404
Interbank funding
983
790
753
802
707
772
-3.703
-211
Overall ELA reduction from peak
about €4,2 bn
Other liabilities
976
895
894
954
1.057
1.123
147
Total equity
2.920
2.737 2.759
2.814 3.785
3.486
566
Total liab. & equity
32.956
30.349 29.378
28.558 27.483
26.834
-6.122
Balance sheet
-1.048
-971
-820 -1.075
-649
deleverage qoq
CET1 ratio
n/a
10,4%
10,6%
11,3% 15,4%
14,0%
(transitional basis)
Leverage ratio
11,3x
11,1x
10,6x
10,1x 7,3x
7,7x
i (Assets/Equity)
Consolidated Balance Sheet - ignoring classification of disposal groups as Held for Sale
Steady reduction of total assets
CET1 ratio and Leverage ratio
strengthened by Share Capital
Increase and deleverage
Bank of Cyprus
KOINO
WKYNРIW
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