Income Statement and Eurosystem Funding Review
Key Takeaways
➤ Leading financial institution in an economy that is on the road to economic recovery
CET1 ratio at 13,9% (transitional basis); capital position shields the Group from further
shocks and helps in regaining trust of counterparties
➤ Stabilising deposit base, with two consecutive quarterly increases in deposits in Cyprus.
since bail-in; Loans-to-deposits ratio improved to 138%
ELA reduced to €6,4 bn through deleveraging actions, capital proceeds and customer
inflows
RRD's efforts are yielding results, with loan quality showing further signs of
stabilisation; 90+ DPD stabilised below €13 bn, with 90+ DPD provisioning coverage
improving to 42%
Foreclosure and insolvency framework allow the effective management of problem
loans
Recurring profitability stabilising, with profit before provisions at €170 mn and profit after
tax from continuing operations at €57 mn
Bank of Cyprus
KOINO
WKYNРIW
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