Investor Presentaiton
Group Financial Results for quarter ended 31 March 2021
€75 mn organic NPE outflows in 1Q2021, leading to €59 mn organic NPE reduction
Net organic
outflows (€ mn)
-142
Inflows (€ mn)
-137
-208
-85
-59
24
16
8
22
62
4
5
•
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16
New inflows
9
8
Redefaults
Unlikely to pay
•
€14 mn NPE inflows relate to the loans that were
under expired payment deferral
Net organic NPE reduction of €59 mn for 1Q2021
impacted by COVID-19 lockdown
Additionally there were €15 mn net NPE reduction
relating to NPE sales lockbox (4Q2020: €67 mn)
1Q2020
2Q2020
3Q2020
4Q2020
1Q2021
Outflows (mn)
Curing of restructuring
-59
-42
-40
-23.
-5
E-17:
-20
-2-11-
-62
•
DFAS & DFES
-82
-71
-84
-75
Write-offs
Other/
-23
-150
-158
-133
-4
-214
-499
Helix 2 Portfolio B
SPA Signed
-608
-886
Sales of NPES
Helix 2 Portfolio A
SPA Signed
-1,164
1)
Other includes interest, cash collections and changes in balances
Bank of Cyprus Holdings
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