Performance and Capital Position Overview
Significant Reduction in Problem loans
90+ DPD fell by €1,0 bn in 1Q2016
NPEs fell by €0,64 bn in 1Q2016
90+ DPD (bn)
90+ DPD ratio
NPES with forbearance measures, no impairments, no arrears
Quarterly 90+ DPD change (%)
NPES (€ bn)
Quarterly NPEs change (%)
NPEs ratio
62,9%
63,0%
61,9%
62,2%
61,8%
Forborne NPES with
no impairments or
arrears Amount in
€ bn- Expected to
exit NPEs by year¹
61,0%
53,2%
53,1%
52,9%
52,5%
50,1%
14,96
15,17
14,81
14,22
13,97
1,0
47,1%
1.34
13,33
0,8
1,46
1,86
0,4
2,181
12,65
12,79
12,65
12,00
1%
-1%
11,33
-5%
10,29
-6%
-9%
Dec-14
Mar-15
Jun-15
Sep-15
Dec-15
Mar-16
Dec-14 Mar-15 Jun-15
Sep-15 Dec-15 Mar-16
1%
-2%
-4%
2016
2017 2018+
-2%
-5%
Economic improvement underpins asset quality
90+ DPD (mn) Cyprus operations
Cyprus GDP growth rate (%)
1.809
-18
-150
-2,4% -2,1%
-1,6%
-3,8%
-5,2%
2,3% 2,8%
2,7%
1,2%
325
97
0,1%
59
-130
-55
-204
-647
-1.022
-6,3%
3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15
4Q15 1Q16
(1) Curing period of the NPEs with forbearance measures, but no impairments and no arrears, assuming no re-default.
Non-performing loans (90+ DPD) reduced by €1,0
bn (or 9%) qoq and by €2,5 bn (or 20%) yoy
Non Performing Exposures (NPEs), as per EBA
definition, reduced by €0,64 bn during 1Q2016 and
totalled €13,3 bn at 31 March 2016
NPES with forbearance measures, no impairments
and no arrears totalled €2,2 bn at 31 March 2016;
almost half is expected to exit the NPE classification
during 2016, subject to no re-default
Bank of Cyprus
3
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