Group Financial Results
Decomposition of payment deferrals
Non-legacy gross loans of €9.2 bn
Private Individuals
IFRS 9 staging for expired loan payment deferrals
€ bn
0.16
Private
2.01
individuals
1.78
Expired Payment Deferrals:
€2.08 bn (51%)
€4.09 bn
0.14
1.7%
3.3%
28.3%
1.31
0.63
0.14
Stage 1
Stage 2
Stage 3
Group Financial Results for the year ended 31 December 2020
Private Individuals
• 93% of expired performing payment deferrals of
private individuals with an installment due by 19
Mar 2021 resumed payments
Reclassifications of €262 mn gross loans from
Stage 1 to Stage 2 in FY2020, mainly due to the
deterioration of the macro assumptions,
significant increase in credit risk and management
overlays
Migration of c.€95 mn gross loans from Stage 2 to
Stage 1 mainly due to enriched data availability
Businesses
€ bn
1.32
0.17
Businesses
€5.11 bn
1.63
1.99
Expired Payment Deferrals:
€3.79 bn (74%)
Loans under payment deferrals with instalment due after 19 Mar-21
Loans under payment deferrals with instalment due by 19 Mar-21
Npes eligible and participated in moratorium
Loans not on moratorium
1.5%
2.8%
23.7%
•
2.65
0.95
0.19
Stage 1
Stage 2
Stage 3
Dec 2020
Coverage
•
Businesses
98% of expired performing payment deferrals of
businesses with an installment due by 19 Mar 2021
resumed payments
Reclassifications of €454 mn from Stage 1 to
Stage 2 in FY2020, mainly due to the deterioration
of the macro assumptions, significant increase in
credit risk and management overlays
Migration of €279 mn gross loans from Stage 2 to
Stage 1 mainly due to enriched data availability
Adequate coverage of Stage 3 expired payment
deferrals; higher than the coverage of re-
1) Re-performing: pipeline to exit NPEs subject to meet all exit criteria; the analysis is performed on a customer basis (formerly called Non-core NPEs) performing NPES1 (slide 32)
Bank of Cyprus Holdings
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