Bank of Cyprus Credit Ratings and Financial Position
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2)
3)
Another seasonally strong quarter of new lending of €624 mn, up 41% qoq
New lending of €624 mn in 1Q2023, broadly flat yoy
Gross performing book² up 1% yoy to €9.9 bn
€ mn
+41%
qoq
622
624
104
537
64
489
48
444
31
1
297
258
238
261
234
64
55
77
42
44
128
145
108
115
122
68
51
40
43
78
1Q2022
2Q2022
3Q2022
4Q2022
1Q2023
Shipping & International
Corporate
SME
Retail Housing
Retail other
42%¹
Leading
market share
in loans
•
•
•
As at 31 March 2023
Non-legacy loan book which includes Corporate and Large corporate, International corporate, International business services, Wealth and
Markets, SME and Retail
Facilities/limits approved in the reporting period
Gross loans (€ bn)
+1%
yoy
9.75
9.92
9.92
9.80
9.90
0.70'
0.74
0.75
0.69
0.67
3.86
3.91
3.90
3.83
3.90
1.04
1.05
1.05
1.04
1.02
3.24
3.31
3.32
3.35
3.39
-0.91.
-0.91-
0.90
0.89
-0.92-
Mar 22
Jun 22
Sep 22
Dec 22
Mar 23
Another strong quarter of new lending driven by increased seasonal
business demand
Gross performing loan book2 up 1% yoy and qoq
Meticulous track record of repayment capability; 99% of new exposures³ in
Cyprus since 2016 are performing
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