Market Leader with Potential for Further Penetration
BOC
Cyprus Market
Retail Banking at a Glance – Servicing c.3/4 of the Population
-
Group contribution
60%
43%
Loans
Deposits
Key Facts
45%
of loans are Household loans
4%
Household new lending increase (CAGR)
since 2018
46%
Leading market share in Household loans
40%
As at 31 March 2023;
1)
Excluding RRD
Leading market share in Household deposits
.
•
Key Highlights
•
#1 Retail Bank in Cyprus
Re-defined operating model driving profitability: migration of sales
and servicing to digital channels, focusing on customer centricity
(reducing the number of branches by c.50% from 2017 to 1Q2023)
Sticky Deposits; average retail deposit size of c. €27k
Strong digital capabilities across all offerings and cross selling
Meticulous assessment of repayment ability
Gross Loans¹
0.9
Other
€4.3 bn
Deposits¹
Time & Notice
3.4
Housing
4.3
€11.4 bn
7.1 Savings, current
& demand
17View entire presentation