Announcement
Investor Presentation of
the
Group Financial Results for the
quarter ended 31 March 2024
Nicosia, 16 May 2024
Further to today's announcement by
Bank of Cyprus Holdings Public Limited Company (the 'Company') of
the financial results of the Bank of Cyprus Group for the quarter
ended 31 March 2024 (the 'Results Announcement'), the Company
confirms that it has uploaded an investor presentation (the
'Investor Presentation') to its website www.bankofcyprus.com
(Group/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) income statement by business line, (v) NIM and interest income
analysis (vi) net interest income sensitivities, (vii) loan
portfolio analysis in accordance with the three-stages model for
impairment of IFRS 9, (viii) fixed income portfolio per issuer type
and (ix) income statement of insurance and payment solutions
business.
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 2023.
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. At 31 March 2024, the Bank of
Cyprus Group operated through a total of 58 branches in Cyprus, of
which 3 operated as cash offices. The Bank of Cyprus Group employed
2,847 staff worldwide. At 31 March 2024, the Group's Total Assets
amounted to €24.9 bn and Total Equity was €2.6 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.