Deleveraging and Financial Overview
Cyprus operations key driver of Group performance
High net interest margins for Cyprus operations
supported by cheap Eurosystem funding
(bps)
Lower Cost to income ratio for Cyprus operations
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
1H2013 9M 2013 FY2013 1Q2014 1H2014 9M2014 FY2014
Historical fee and commission income / total income
for Cyprus operations
Evolution of Cost of risk* for Cyprus operations
0,7
1,0
0,29
0,30
0,25
0,27
19%
13%
14%
12%
15%
12%
3,9%
3,7%
3,7%
81%
87%
86%
88%
85%
88%
2012
2,6%
1,9%
2,4%
2,2%
2013
1Q2014
2Q2014
3Q2014 4Q2014
Fee and commission income
Other income
1H2013 9M2013 FY2013 1Q2014
1H2014 9M 2014 FY2014
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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