REG - Bank of Cyprus Hldgs - FY2023 Investor Presentation Announcement

Bank of Cyprus HoldingsAnnouncement

28/03/2024 13:45

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RNS Number : 7612I  Bank of Cyprus Holdings PLC  28 March 2024

Announcement

Investor Presentation of the Group Financial Results for the year ended 31
December 2023

 

Nicosia, 28 March 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 year ended 31 December 2023 (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 Results Announcement published today includes an update regarding the
FY2023 proposed cash dividend and share buyback (together, the
'Distribution'), following approval from the ECB in March 2024. The capital
ratios and MREL ratio have been updated accordingly. Additionally, ROTE
calculated based on tangible shareholders' equity after deducting for the
proposed distribution was added in the Investor Presentation. The Distribution
policy was updated to include cash dividends and buybacks. Other than
disclosures related to FY2023 Distribution, there were no other meaningful
divergences from the Preliminary Group Financial Results for the year ended 31
December 2023 published on 19 February 2024.

 

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 (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 2023, the Bank of Cyprus Group operated through a total of 64
branches in Cyprus, of which 4 operated as cash offices. The Bank of Cyprus
Group employed 2,830 staff worldwide. At 31 December 2023, the Group's Total
Assets amounted to €26.6 bn and Total Equity was €2.5 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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