ESG Strategy and Digital Transformation
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1
① NII growth driven by loan expansion and margin stabilisation
Drivers
.
c.€9 bn of high quality new lending
Significant deleverage of Cyprus economy in past 7
years, coming to an end
Economic growth expected to continue by annual
average of ≥3% in 2022-2025
•
•
•
Benefit from strong market position
New lending of c.€9 bn for 2022-2025
€ bn
New lending
€7.1 bn or c.8.0% of GDP1 p.a.
2.0
1.9
1.8
1.4
New lending of c.€9.0 bn
or c.8.5% of GDP1 p.a.
Help deploy EU Recovery & Resilience Fund (2021-
2026: €1.2 bn)
International and shipping new lending of c.€1 bn
Explore market opportunities from performing loan trades
in Cyprus
Support customers in the transition to a sustainable
future
2018
2019
2020
2021
2025
Net performing book to grow by c.6% p.a.
Net loans (€ bn)
•
Net performing book to grow by c.6% p.a.
Improved NII driven by high quality new lending
1) Nominal GDP
1.4
0.4-
CAGR: c.+6%
9.0
9.4
2020
2021
pro forma
for HFS
2025
Legacy
Performing
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