Investor Presentaiton
Group Financial Results for quarter ended 31 March 2021
31 Dec 2020
€ bn
31 Mar 2021
€ bn
0.06
0.06
Portfolio exposure to businesses most impacted by COVID-19
Tourism: €1.15 bn
Hotels & Catering
Food services
Trade: €0.89 bn
% of
portfolio
31 Dec 2020
31 Mar 2021
Trade
€ bn
€ bn
% of
portfolio
5%
Supermarkets, pharmacies and
0.26
0.26
30%
other essential retail businesses
Accommodation
1.06
1.09
95%
All other
0.63
0.63
70%
Total
1.12
1.15
Total
0.89
0.89
Unutilised Liquidity¹
0.32
0.32
Unutilised Liquidity1
0.95
0.88
- of which deposits
0.26
0.26
22%
- of which deposits
0.60
€0.56
63%
•
•
A recovery in tourist activity is expected from 2H2021; reduction in
international tourist arrivals in 2021 vs 2019, expected to be partly offset by
domestic tourism
Majority of Accommodation customers entered the crisis with significant
liquidity, following strong performance in recent years
98% of tourism portfolio is secured by property
94% of tourism portfolio with LTV <80%
c. €1.0 bn performing loans² under expired payment deferrals; 60% had
instalments due by 14 May 2021;
• 99% present no arrears, of which c.€190 mn have been restructured
1% in arrears
Bank of Cyprus Holdings
.
30% tied up to lower risk essential retail services, not materially impacted
by COVID-19
€0.33 bn performing loans² under expired payment deferrals; 90% had
instalments due by 14 May 2021;
• 96% present no arrears, of which €6 mn have been restructured
4% in arrears
1)
Unutilised overdraft amounts and deposits
2)
As at 31 March 2021
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