Preliminary Group Financial Results for the year ended 2014
Credit Risk - Provisions
Group loan quality indicators
90+ DPD provision coverage
38,8%
90+ DPD ratio
52,5%
53,2%
47,4%
48,6%
48,6%
49,8%
42%
37%
38%
39%
39%
38%
40%
21,5%
•
•
90+ DPD ratio at 53,2%
90+ DPD provision coverage
improved to 40%; Taking into
account tangible collateral at fair
value, 90+ DPD are fully covered
Accumulated provisions at €5,1 bn
or 21,5% of gross loans
The Group has completed a review
of its accounting estimates and
methodologies in an effort to more
closely align them with the
observations and adjustments
suggested by the SSM, resulting in
an additional provisions charge for
4Q2014
30.06.13 30.09.13 31.12.13 31.03.14 30.06.14 30.09.14
31.12.14
Accumulated provisions
Accumulated provisions (€ bn)
Provisions % Gross loans
18,6%
19,1%
19,3%
20,0%
17,6%
16,2%
4,8
5,0
5,0
4,9
4,9
5,1
4,6
30.06.13 30.09.13 31.12.13 31.03.14 30.06.14 30.09.14 31.12.14
Bank of Cyprus
KOINO
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