Investor Presentaiton
Group Financial Results for the six months ended 30 June 2020
€145 mn organic NPE outflows in 2Q2020, leading to €137 mn organic NPE reduction
-205
-142
-137
Net organic
outflows (€ mn)
-227
Inflows (€ mn)
50
32
New inflows
33
17
16
Redefaults
8
8
9
8
Unlikely to pay
9
6
7
Outflows (mn)
3Q2019
4Q2019
1Q2020
2Q2020
-42
Curing of restructuring
-65
-72
-59
-17:
-5
DFAS & DFES
-18
-€145 mn
■-22
-71
-84
Write-offs
-107
-89
-23
-158
-54
-133
Velocity 2
Other¹
-87
-237
Sales of NPES
-277
(1) Other includes interest, cash collections and changes in balances
Bank of Cyprus Holdings
-886
Helix 2
-1,164
SPA Signed
•
•
•
€145 mn organic outflows, maintained at similar
levels to 1Q2020, despite COVID-19
Helix 2 reduces NPEs by €886 mn
Completion of Velocity 2 reduced NPEs by €133
mn
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