Preliminary Group Financial Results for the year ended 2014
Cyprus operations key driver of Group performance
High net interest margins for Cyprus operations -
supported by cheap Eurosystem funding
Lower Cost to income ratio for Cyprus operations
(bps)
423
377
372
384
379
354
314
50%
43%
FY2014: 385
38%
35%
33%
FY2013: 353
31%
31%
1H2013 3Q2013 4Q2013 1Q2014 2Q2014 3Q2014 4Q2014
Historical fee and commission income / total income
for Cyprus operations
0,7
1,0
0,29
0,30
0,25
0,27
1H2013 9M2013 FY2013 1Q2014 1H2014 9M2014 FY2014
Evolution of Cost of risk* for Cyprus operations
3,9%
19%
13%
14%
12%
15%
12%
3,7%
3,7%
81%
87%
86%
88%
85%
88%
2012
2,6%
1,9% 2,4%
2,2%
3Q2014 4Q2014
1H2013 9M2013 FY2013 1Q2014 1H2014 9M2014 FY2014
2013
1Q2014
2Q2014
Fee and commission income Other income
Total income (€ bn)
* Cost of risk for the Cyprus operations has been calculated as provisions for impairment of loans / average gross
loans. Gross loans are before the deduction of the fair value adjustment on initial recognition relating to loans
acquired from Laiki Bank.
Bank of Cyprus
KOINO
ΚΥΠΡΙ
2235
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