Deleveraging and Financial Overview
Income Statement Review
Selected lines from Income Statement (€ mn)
FY2014 4Q2014
3Q2014
qoq
2Q2014
change %
Net interest income
Other income
Total income
Total expenses
967
225
231
-3%
263
204
56
32
+96%
55
1.171
281
263
+9%
318
(426)
(114)
(103)
+14%
(104)
Profit before provisions and impairments, gains on derecognition and
changes in expected cash flows on acquired loans, restructuring costs and
discontinued operations
745
167
160
+6%
214
Provisions for impairment of customer loans
(666)
(248)
(115)
+116%
(173)
Gains on derecognition and changes in expected cash flows on acquired loans
Impairments of other financial and non financial assets
47
29
6
(89)
(57)
1
(33)
Share of profit/(loss) from associates
5
3
(2)
2
Profit/(loss) before tax, restructuring costs and discontinued operations
42
(106)
50
14
Tax
(11)
(1)
(6)
(2)
(Loss)/profit attributable to non-controlling interests
(0)
0
(0)
(0)
| Profit/(loss) after tax and before restructuring costs, discontinued
31
(107)
44
12
I operations and net profit on disposal of non-core assets
Restructuring costs
Loss from disposal group held for sale/discontinued operations
Net gain/(loss) on disposal of non-core assets*
(Loss)/profit after tax
Net interest margin
Cost-to-Income ratio
(36)
(3)
(12)
-60%
(16)
(303)
(214)
(37)
-468%
(6)
47
(13)
60
(261)
(337)
(5)
50
3,94%
3,81%
3,82%
-1 b.p.
4,23%
36%
41%
39%
+2p.p.
33%
* Relates to the disposal of the Ukrainian operations, the disposal of the stake in Banca Transilvania,
the disposal of the loans in Serbia, the early part repayment of the Cyprus Government Bond by the
Republic of Cyprus and the sale of the Laiki UK loan portfolio.
b.p. basis points, p.p. = percentage
points
100 b.p. = 1 p.p.
Bank of Cyprus
KOINO
ΚΥΠΡΙ
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