Bank of Cyprus Credit Ratings and Financial Position slide image

Bank of Cyprus Credit Ratings and Financial Position

1Q2023 performance ahead of 2023 targets FY2023 targets €520-550 mn Net interest income (+40-50% yoy) Cost to income ratio¹ Mid-40s ROTE² NPE ratio Cost of risk Dividend 1Q2023 €162 mn (+127% yoy) 34% >13% 21.3% <5% 50-80 bps Intention to commence from 2023 onwards Excluding special levy on deposits and other levies/contributions ROTE calculated as annualised profit after tax (attributable to owners of the Company) divided by quarterly average shareholders' equity minus intangible assets 1) 2) 3) As reported in 2022 Annual Report 3.8% 44 bps €22.3 mn out of FY2022 earnings³ (announced in April 2023) 6
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