REG - Bank of Cyprus Hldgs - Doc re. (FY2021 Investor Presentation)

Bank of Cyprus HoldingsAnnouncement

30/03/2022 07:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220330:nRSd5578Ga&default-theme=true

RNS Number : 5578G  Bank of Cyprus Holdings PLC  30 March 2022

Announcement

Investor Presentation of the

Group Financial Results for the year ended 31 December 2021

 

Nicosia, 30 March 2022

 

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 year ended 31 December 2021 (the 'Results Announcement'), the Company
confirms that it has uploaded an investor presentation (the 'Investor
Presentation') to its website www.bankofcyprus.com
(http://www.bankofcyprus.com)   (Group/Investor Relations).

 

The Investor Presentation published today includes an update of the
performance of loans under payment deferrals that expired on 31 December 2020.
There were no meaningful divergences from the Preliminary Group Financial
Results for the year ended 31 December 2021 published on 21 February 2022.

 

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/or expected medium
term levels for (i) NPE coverage, (ii) market shares and total regular income
or gross written premiums of insurance companies and (iii) 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 2021.

 

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 (mailto: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
December 2021, the Bank of Cyprus Group operated through a total of 90
branches in Cyprus, of which 10 operated as cash offices. Bank of Cyprus also
has representative offices in Russia, Ukraine and China. At 31 December 2021,
the Group's Total Assets amounted to €25.0 bn and Total Equity was €2.1
bn. The Bank of Cyprus Group employed 3,438 staff worldwide. The Bank of
Cyprus Group comprises Bank of Cyprus Holdings Public Limited Company, its
subsidiary Bank of Cyprus Public Company Limited and its subsidiaries.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DOCWPUUCWUPPUAU