Bank of Cyprus Credit Ratings and Financial Position
1)
Overall capital requirements
Overall capital requirements for 2022 and 2023
CET1 ratio
Total capital ratio
15.03%
10.25%
10.10%
ССУВ- 0.02%
0.02%
1.25%
1.50%
O-SII
CCyB 1.25%
0.02%
1.25
O-SII
2.50%
CCB
CCB
2.50%
2.50%
Pillar 2R
3.26%
15.10%
0.02%
1.50%
2.50%
3.08%
Pillar 2R
1.83%
1.73%
Tier 2
2.00%
2.00%
AT1
1.50%
1.50%
Total
Pillar 1: 8%
Pillar 1
4.50%
4.50%
Pillar 1
4.50%
4.50%
•
•
2022
2023
2022
2023
CET1 and Total capital ratio minimum capital requirements for 2023 set at 10.25% and 15.10%
P2R decreased by 25 bps to 3.08% in 2023. The revised P2R includes a revised P2R add-on of 0.33% relating to ECB's prudential provisioning expectations
•
Non-public guidance for P2G remains unchanged
•
Total O-SII buffer fully phased in January 2023 at 1.50%
•
Following the CBC's revised methodology described in its macroprudential policy in November 2022, the CcyB for the Group is expected to increase1
According to CBC, following the revised methodology described in its macroprudential policy in November 2022, decided to increase the CcyB from 0.00% to 0.50% of the total risk
exposure amounts in Cyprus of each licensed credit institution incorporated in Cyprus. The new rate of 0.50% must be observed as from 30 November 2023
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