Restructuring Plan and Exit from Resolution
5 Restructuring Plan
Radical shift in the Group's strategy
Objectives of Restructuring Plan
• Rebuild trust and confidence
of depositors and investors
• Build a resilient, systemic
institution, able to withstand
further shocks and economic
turbulence
•
Integrate ex-Laiki operations, to
maximize synergies and
bottom-line impact
• Preserve BoC's status as the
cornerstone of the Cypriot
economy
Potential implications for BoC strategy
-
• Re-orient the Group's business model
Revamp offering to key customer segments and
especially to most promising sectors
-
-
Revise IBU business model in line with the new
environment
Develop lean operating model going beyond
capturing of full synergies with ex-Laiki
Strengthen risk management capacity,
capabilities, processes and infrastructure
Implement actions to improve capital and liquidity
position
-
Assess international presence, retaining very
selective presence abroad
Gradually exit capital intensive or non-core
activities
Bank of Cyprus
KOINO
KYMPI
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