Bank of Cyprus Holdings PLC Doc re. (Prelim FY2020 Investor Presentation) (1614Q)
February 24 2021 - 1:04AM
UK Regulatory
TIDMBOCH
RNS Number : 1614Q
Bank of Cyprus Holdings PLC
24 February 2021
Announcement
Investor Presentation of the
Group Preliminary Financial Results for the year ended 31
December 2020
Nicosia, 24 February 2021
Further to today's announcement by Bank of Cyprus Holdings
Public Limited Company (the 'Company') of the preliminary financial
results of the Bank of Cyprus Group for the year ended 31 December
2020 (the 'Results Announcement'), the Company confirms that it has
uploaded an investor presentation (the 'Investor Presentation')
to its website www.bankofcyprus.com (Investor Relations).
Important Notice Regarding Additional Information Contained in
the Investor Presentation
The Investor Presentation includes additional financial
information not presented within the Results Announcement,
primarily relating to (i) NPE analysis (movements by segments and
customer type), (ii) rescheduled loans analysis, (iii) details of
historic restructuring activity including REMU activity, (iv)
analysis of new lending, (v) Income statement by business line,
(vi) NIM and interest income analysis and (vii) Loan portfolio
analysis in accordance with the three-stages model for impairment
of IFRS 9.
Moreover, the Investor Presentation includes additional
financial information not presented in the Results Announcement of
current and expected medium term levels for (i) NPE coverage, (ii)
growth of performing loan book, (iii) ratio of revenue over total
assets, (iv) ratio of fee and commission over total assets, (v)
ratio of total revenues over risk weighted assets, (vi) market
shares and total regular income or gross written premiums of
insurance companies, (vii) restructuring expenses, (viii) cost to
income ratio (excluding special levy and contributions to Single
Resolution Fund and Deposit Guarantee Fund), and (ix) ESG
performance metrics.
Except in relation to any non-IFRS measure, the financial
information contained in the Investor Presentation has been
prepared in accordance with the Group's significant accounting
policies as described in the Group's Annual Financial Report 2019
and updated in the Interim Financial Report 2020.
The Investor Presentation should be read in conjunction with the
information contained in the Results Announcement and neither the
financial information in the Results Announcement nor in the
Investor Presentation constitutes statutory financial statements
prepared in accordance with International Financial Reporting
Standards.
For further information, please contact Investor Relations at
investors@bankofcyprus.com .
Group Profile
The Bank of Cyprus Group is the leading banking and financial
services group in Cyprus, providing a wide range of financial
products and services which include retail and commercial banking,
finance, factoring, investment banking, brokerage, fund management,
private banking, life and general insurance. The Bank of Cyprus
Group operates through a total of 95 branches in Cyprus, of which
11 operate as cash offices. Bank of Cyprus also has representative
offices in Russia, Ukraine and China. The Bank of Cyprus Group
employs 3,572 staff worldwide. At 31 December 2020, the Group's
Total Assets amounted to EUR21.5 bn and Total Equity was EUR2.1 bn.
The Bank of Cyprus Group comprises Bank of Cyprus Holdings Public
Limited Company, its subsidiary Bank of Cyprus Public Company
Limited and its subsidiaries.
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