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

Bank of Cyprus HoldingsAnnouncement

21/02/2022 07:15

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RNS Number : 2575C  Bank of Cyprus Holdings PLC  21 February 2022

 
 

Announcement
 

 

Investor Presentation of the Group Preliminary Financial Results

for the year ended 31 December 2021

 

Nicosia, 21 February 2022

 

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 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)  (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 and (ii) 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 2020 and updated in the Interim 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 3,407 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.

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