Investor Presentaiton
ELA Reliance Reducing Fast
Continuous reduction of ELA with further potential going forward
Actions for further ELA reduction
11,40
11,11
9,86
9,56 9,51
8,78
34%
32%
31%
31%
31%
28% 28%
26%
23%
20%
•
•
New deposit inflows
Regaining access to wholesale and interbank
market
•
Maturity of non-core bonds
7,68
7,40
16%
6,90
1
14%
5,90
•
•
Issue senior unsecured debt and enter into
repos with counterparties, subject to market
conditions
Retention of cash profits from operations
4,90
€8,1 bn reduction of ELA since peak
3,80
.
Proceeds from deleveraging
3,30
Apr Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec 31 Mar
2013 2013 2013 2013 2014 2014 2014 2014 2015 2015 2015 2015 2016
ELA (€ bn)
ELA % Total Assets
•
Covered bond secured with commercial real
estate assets eligible for ECB funding
Full repayment of ELA by end of 2017
Bank of Cyprus
DINO
(1) Ratio of ELA Funding % Total Assets for 31 March 2016 is based on total assets at 31 December 2015
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