Bank of Cyprus Credit Ratings and Financial Position
IFRS 17 implementation¹; adjusted FY2022 Key Performance Ratios
Key Performance Ratios
Cost to income ratio
FY2022
IFRS 4
FY2022
IFRS 171
Change
54%
55%
+1 p.p.
Cost to income ratio excluding special levy on
49%
49%
deposits and other levies/contributions
Operating profit return on average assets
1.2%
1.2%
Basic earnings per share attributable to the owners
15.94
12.68
-3.26
of the Company (€ cent)
Tangible book value per share (€)
3.79
3.93
+0.14
Return on tangible equity (ROTE) after tax and
11.3%
10.0%
-1.3 p.p.
before nonrecurring items²
Return on tangible equity (ROTE)³
Leverage ratio4
4.3%
3.2%
-1.1 p.p.
7.5%
7.8%
+30 bps
2)
3)
4)
7237
For more details on the transition to IFSR 17, please refer to section F9 of the press release
Recurring ROTE: calculated as Profit after Tax and before non-recurring items divided by quarterly average Shareholders' equity minus Intangible assets
ROTE is calculated as profit after tax (attributed to the owners of the Company) divided by the quarterly average shareholders' equity minus intangible assets
The ratio of tangible total equity (including Other equity instruments) to total assets as presented on the balance sheet. Tangible total equity comprises of equity attributable to the owners of the Company minus intangible assets
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