Investor Presentaiton
07-2010
09-2010
11-2010
01-2011
03-2011
05-2011
07-2011
09-2011
11-2011
01-2012
03-2012
05-2012
07-2012
09-2012
11-2012
01-2013
03-2013
05-2013
07-2013
09-2013
11-2013
01-2014
03-2014
SOURCE: Statistical Service of Republic of Cyprus, European Commission, Bloomberg, IMF and company reports
05-2014
07-2014
Macroeconomic overview
GDP growth expected to be positive from 2015
faster recovery than other peripheral countries
(8,7%)
Real GDP growth - Actual
Current projections (EC)
Initial Projections (EC)
GDP Growth (yoy)
2010
2011
2012
2013
2014
2015f 2016f
I
1,4%
1,6%
0,3%
0,4%
(2,4%)
(2,3%)
(5,4%)
(3,4%)
(3,9%)
Improved rating and credit outlook as demonstrated
by benchmark sovereign bond issue
Yield
16%
14%
12%
10%
8%
6%
4%
2%
2020 Cyprus government bond
Continued
improvement
.
According to the flash estimate published on 14
August 2015, real GDP in 2Q2015 increased by
0,9% over the corresponding quarter of 2014,
on a seasonally adjusted basis. This was the
second consecutive quarterly increase after
fourteen quarters of continuous decline.
Yields of Cyprus Government bonds have been
stable despite the turbulence in Greece,
underlying the decoupling of Cypriot economy
and banking system
09-2014
11-2014
01-2015
03-2015
05-2015
07-2015
Bank of Cyprus
5
KOINO
WKYNPIW
2Q2011
1,2%
3Q2011
-0,4%
4Q2011
-0,8%
1Q2012
-1,2%
2Q2012
-2,4%
3Q2012
-2,3%
4Q2012
-3,7%
1Q2013
-5,3%
2Q2013
-6,0%
3Q2013
-5,5%
4Q2013
-4,7%
1Q2014
-3,2%
2Q2014
-1,8%
3Q2014
-2,1%
4Q2014
-1,8%
1Q2015
0,2%
2Q2015
ā 0,9%View entire presentation