Investor Presentaiton
Non interest income increased to €62 mn, up 11% qoq
Net fee & Commission % of Total Income
23%
26%
(€ mn)
307
67
26%
23%
26%
27%
237
32
58
37 60
30
00
60
60
7.
55
55
10
10
56
1.
11
18
13
255
5
14
208
150
200
144
49
38
48
38
33
35
FY2019
FY2020
1Q2020
Net FX and other income
REMU 2
1
2Q2020
3Q2020
Insurance income net of insurance claims
Net fee & commission
1)
2)
Recurring income
Net FX gains/(losses & Net gains/(losses) on financial instruments, and other income
Gains/(losses) from revaluation and disposal of investment properties and on disposal of stock of properties
Bank of Cyprus Holdings
4Q2020
Group Financial Results for the year ended 31 December 2020
•
•
•
•
Non interest income for FY2020 reduced to €237 mn driven mainly by
lower REMU gains, revaluation gains on financial instruments and
other income, negatively impacted by COVID-19
Net fee and commission income increased to €38 mn due to
seasonality, higher non-transactional fees and increased economic
activity post 1H2020 lockdown
Net insurance income at €14 mn broadly flat qoq
REMU gains² increased to €5 mn in 4Q2020 driven mainly by higher
net revaluation gains relating to specific properties in Greece; REMU
sales remain volatile
Net FX and other income¹ at €5 mn flat qoq
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