Group Financial Results H1 2016
Rapid reduction of ELA
€2,3 bn Reduction of ELA during 2016
11,40
11,11
9,86
9,56 9,51
8,78
34%
32%
31%
-- 31%
31%
28% 28%
26%
23%
20%
7,68
7,40
16%
6,90
15%
5,90
4,90
11%
€9,9 bn reduction of ELA since peak
Apr Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar
2013 2013 2013 2013 2014 2014 2014 2014 2015 2015 2015 2015 2016
Jun 30
2016 Aug
2016
3,80
3,30
7%
2,40
1,50
ELA (€ bn)
ELA % Total Assets
Plans to fully eliminate ELA
•
Deposit Growth
•
Wholesale and interbank market access
•
Retention of cash profits from operations
•
Proceeds from deleveraging
•
O Increase loan pool for the Additional Credit
Claim ECB framework
Full repayment of ELA during 2017
(1) Ratio of ELA Funding % Total Assets for 30 August 2016 is based on total assets at 30 June 2016
Bank of Cyprus
KOINO
KYOPI
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