Investor Presentaiton
Income Statement Review
9M2015
9M20143
yoy %
3Q2015
2Q20154
qoq %
1Q20154
Net interest income
-13%
205
212
-3%
227
644
743
Fees and commission income
115
117
-1%
36
36
0%
43
Insurance income net of insurance claims
32
35
-10%
12
9
35%
11
Core income
791
895
-12%
253
257
-1%
281
Other income
(5)
1
(2)
4
(7)
Total income
786
896
-12%
251
261
-4%
274
Total expenses
Profit before provisions and impairments1
(296)
(312)
-5%
(102)
(92)
11%
(102)
490
584
-16%
149
169
-12%
172
Provisions for impairment of customer loans net of gains on loans
derecognition and changes in expected cash flows on acquired loans
(329)
(400)
-18%
(96)
(123)
-23%
(110)
Impairments of other financial and non financial assets
(37)
(38)
-1%
(6)
(30)
-80%
(1)
Share of profit from associates
3
2
122%
1
1
1
■ Profit before tax, restructuring costs and discontinued operations
127
148
-14%
48
17
181%
62
Tax
(18)
(10)
76%
(8)
(3)
186%
(7)
Loss attributable to non-controlling interests
6
2
5
1
441%
0
Profit after tax from continuing operations²
115
140
-18%
45
15
195%
55
Restructuring costs
(27)
(32)
-16%
(5)
(14)
-60%
(8)
Loss from disposal group held for sale/discontinued operations
(38)
(92)
-58%
(9)
(11)
-17%
(18)
Net gain/(loss) on disposal of non-core assets
23
60
-61%
(18)
41
-143%
Profit after tax
73
76
-3%
13
31
-59%
29
Net interest margin
3,85%
Cost-to-Income ratio
38%
3,99%
35%
3,70%
3,79%
3,94%
41%
35%
37%
1.
Profit before provisions and impairments, gains on derecognition and changes on expected cash flows on acquired loans, restructuring costs and discontinued
operations. 2. Profit after tax and before restructuring costs, discontinued operations and net profit on disposal of non-core assets.
3. The 9M 2015 is not
comparable to the 9M2014 given the significant deleveraging completed since then, including, among others, the partial repayment of the sovereign bond held by the Bank,
by the Republic of Cyprus on 1 July 2014, and the disposal of the majority of the Russian operations during 3Q2015. 4. Comparative information has been
represented. See Note 4.2 of the Financial Report for the 9 months ended 30 September 2015, Comparative information.
Bank of Cyprus
KOINO
WKYNРIW
2235
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