Investor Presentaiton
Non interest income at €60 mn in 1Q2021
(€ mn)
26%
Net fee & Commission % of Total Income
23%
26%
27%
28%
60
60
62
60
55
10
10
5
2
11
14
1623
655
2.
18
13
38
38
39
33
35
49
51
48
52
1)
2)
1Q2020
(1)
2Q2020
Net FX and other income
REMU²
Recurring income
3Q2020
4Q2020
Insurance income net of insurance claims
1
Net fee & commission
Net FX gains/(losses) & Net gains/(losses) on financial instruments, and other income
Gains/(losses) from revaluation and disposal of investment properties and on disposal of stock of properties
Bank of Cyprus Holdings
1Q2021
Group Financial Results for quarter ended 31 March 2021
.
.
.
.
Non interest income for 1Q2021 reduced to €60 mn qoq, reflecting
mainly lower REMU gains²
Net fee and commission income increased to €39 mn mainly due to
extension of liquidity fees and introduction of revised price list in Feb
2021, partially offset by lower transactional fees due to lockdown in
1Q2021
Net insurance income at €13 mn down 9% qoq, mainly driven by
seasonally lower premiums, partially offset by lower claims
REMU gains² decreased to €2 mn in 1Q2021 mainly due to higher net
revaluation gains relating to specific properties in Greece in 4Q2020;
REMU sales remain volatile
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