Market Leader with Potential for Further Penetration
Why Bank of Cyprus
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Strong Macro
Open economy growing faster than the Eurozone
Strong and continued recovery in tourism
Fiscal discipline, sovereign rated investment grade
Kil
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Attractive business hub with low tax regime
Diversified & Sustainable
Profitability
⚫ Holistic offering with integrated bank-insurance-payment
model; digitally engaged
• One of the most highly geared banks to higher interest rates
Strong capital light non-interest income
.
Efficiency focus with low cost to income ratio
Data as at 31 March 2023
Market Leader
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Market leader in a consolidated market
42% loan market share; 37% deposit market share
#1 Life and #2 Non-Life Insurance player in Cyprus
⚫ #1 in domestic card processing and payment solutions
自
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Prudent & resilient
Strong capital base with CET1 >15%
•
Strong deposit franchise; one of most liquid banks in EU with
LCR >300%
•
Asset quality in line with EU peers; NPE ratio <4%
•
Experienced management team delivering targets ahead of
schedule
Sustainable ROTE With Strong Capital Generation
ST
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