Income Statement and Eurosystem Funding Review
Credit Risk - Provisions
Accumulated provisions
Accumulated provisions (€ bn)
Provisions % Gross loans
21,6% 22,2%
17,6%
18,6%
19,1% 19,3%
20,0%
16,2%
4,6
4,8
5,0
5,0
4,9
4,9
5,1
5,4
30.06.13 30.09.13 31.12.13 31.03.14 30.06.14 30.09.14 31.12.14 31.03.15
Cost of risk*
Cost of Risk Cyprus
Cost of Risk - Group
3,6%
2,8%
2,8%
2,7%
2,1%
2,4%
2,6%
2,2%
2,3%
1,9%
1Q2014
1H2014
9M 2014
FY2014
1Q2015
•
Accumulated provisions increased to
€5,4 bn or 22,2% of gross loans mainly.
due to additional provisions for the
Cypriot operations.
•
•
Annualised cost of risk for the Group
reduced to 2,1% for 1Q2015.
compared to 3,6% for FY2014
Annualised cost of risk for Cyprus.
significantly lower at 1,9%, compared
to 3,6% for FY2014, with the elevated
provisioning charge for 4Q2014
relating to the methodological
alignments and changes in certain
estimates, following the completion of
the review of the AQR results
* Calculated as the provisions for impairment of customer loans, including provisions of discontinued operations, (in total €171 mn), net of gains
on derecognition and changes in expected cash flows on acquired loans (totalling €43 mn) over average gross loans
Bank of Cyprus
KOINO
ΚΥΠΡΙ
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