Investor Presentaiton
Group Financial Results for the six months ended 30 June 2020
Portfolio exposure to businesses most impacted by COVID-19
Tourism: €1.06 bn
Trade: €1.00 bn
31 Mar 2020
30 Jun 2020
31 Mar 2020
30 Jun 2020
Hotels & Catering
€ bn
€ bn
% of
portfolio
Trade
€ bn
€ bn
% of
portfolio
Food services
0.06
0.06
5%
Supermarkets, pharmacies and
0.30
0.29
29%
other essential retail businesses
Accommodation
0.97
1.00
95%
All other
0.74
0.71
71%
Total
1.03
1.06
100%
Total
1.04
1.00
100%
Unutilised Liquidity¹
0.34
0.31
Unutilised Liquidity¹
0.83
0.88
- of which deposits
0.28
0.26
25%
- of which deposits
0.53
0.56
56%
Majority of Accommodation customers entered the crisis with
significant liquidity, following strong performance in recent years
c. €1.0 bn or 95% under payment deferrals
Payroll subsidy by the government of up to 60% for hotels whose
turnover was reduced by more than 35%-40%
• c.29% tied up to lower risk essential retail services, not materially
impacted by COVID-19
• €0.6 bn or 59% under for payment deferrals
(1) Unutilised overdraft amounts and deposits
Bank of Cyprus Holdings
16View entire presentation