Bank of Cyprus Credit Ratings and Financial Position
1)
Asset quality - NPE analysis
(€ mn)
Mar-23 Dec-22
Sep-22 Jun-22
Mar-22 Dec-21
Sep-21
Jun-21
Mar-21 Dec-20
A. Gross Loans after Residual Fair value
adjustment on initial recognition
10,200
10,131
10,797
10,902
10,815
10,678
10,683
10,708
12,055 12,031
Residual Fair value adjustment on initial
recognition
78
86
116
145
149
178
181
185
226
230
B. Gross Loans
10,278
10,217
10,913
11,047
10,964
10,856
10,864
10,893
12,281 12,261
B1. Loans with no arrears
9,860
9,788
9,874
9,840
9,681
9,492
9,385
9,268
9,230
9,149
B2. Loans with arrears but not NPES
29
18
21
39
36
21
31
36
39
26
1-30 DPD
17
12
13
25
31
16
23
29
27
21
31-90 DPD
12
6
8
14
5
5
8
7
12
5
B3. NPES
With no arrears
Up to 30 DPD
31-90 DPD
91-180 DPD
389
411
1,018
1,168
1,247
1,343
1,449
1,589
3,012
3,086
153
170
217
307
312
348
363
413
536
548
3
2
4
6
3
4
11
15
16
5
5
9
6
10
10
11
16
35
26
13
12
25
13
11
19
24
31
18
18
181-365 DPD
32
30
22
28
40
49
41
16
31
81
Over 1 year DPD
183
192
741
808
871
913
1,005
1,102
2,377
2,397
NPE ratio (NPES / Gross Loans)
3.8%
4.0%
9.3%
10.6%
11.4%
12.4%
13.3%
14.6%
24.5%
25,2%
Allowance for expected loan credit losses
(including residual fair value adjustment
282
282
610
677
734
792
849
947
1,869
1,902
on initial recognition¹)
Gross loans coverage
3%
3%
6%
6%
7%
7%
8%
9%
15%
16%
NPES coverage
73%
69%
60%
58%
59%
59%
59%
60%
62%
62%
Comprise (i) loan credit losses for impairment of customer loans and advances, (ii) the residual fair value adjustment on initial recognition of loans acquired from Laiki Bank and on loans classified at FVPL, and (iii) loan credit losses on off-balance
sheet exposures disclosed on the balance sheet within other liabilities.
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