Performance and Capital Position Overview
Key Takeaways
Cypriot economy recovering well; BOC franchise remains strong
ELA significantly down; Now at €2,8 bn; Intention to fully repay as soon as possible
Improving funding structure; Loans to Deposits ratio (L/D) at 119% and customer deposits accounting for
62% of total assets
CET1 ratio strengthened by 30 basis points to 14,3%;
90+ DPD down by €1,0 bn or 9% during 1Q2016; 90+ DPD provision coverage improved to 49%
Restructuring momentum remains high with €1,5 bn of restructurings in 1Q2016
Foreclosure legislation and insolvency framework can now be used as one of the tools for the effective
management of problem loans
Stabilizing pre-provision profitability, with profit before provisions of €145 mn for 1Q2016; Profit after tax of
€50 mn for 1Q2016
DINO
Bank of Cyprus
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