Preliminary Financial Results Presentation FY2017

RNS Number : 0488G

Bank of Cyprus Holdings PLC

27 February 2018

 

Announcement

Investor Presentation for the

Group Preliminary Financial Results for the year ended 31 December 2017

Nicosia, 27 February 2018

Further to today's announcement by Bank of Cyprus Holdings Public Limited Company (the 'Bank') of the preliminary financial results of the Bank of Cyprus Group for the year ended 31 December 2017 (the 'Preliminary Results Announcement'), the Bank confirms that it has uploaded an investor presentation (the 'Investor Presentation') to its website.

To view the Investor Presentation, please click on the following link:

Presentation of Preliminary Financial Results Presentation for the year ended 31 December 2017

Alternatively, you can view the Investor Presentation at:

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 Preliminary Results Announcement, primarily relating to (i) NPE analysis (movements by segments geography and customer type), (ii) 90+ DPD analysis and 90+ DPD ratios (by Geography, business line and economic activity), (iii) reconciliations between 90+ DPD and NPEs for the Cyprus operations, (iv) rescheduled loans analysis, (v) details of historic restructuring activity including REMU activity, (vi) analysis of new lending, (vii) Income statement by business line, (viii) UK operations analysis, (ix) NIM and interest income analysis and (x) Loan portfolio analysis in accordance with the three-stages model for impairment of IFRS 9. 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 2016 and updated in the Mid-Year Financial Report 2017. The Investor Presentation should be read in conjunction with the information contained in the Preliminary Results Announcement and neither the financial information in the Preliminary 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 [e-mail].

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 123 branches, of which 121 operate in Cyprus, 1 in Romania and 1 in the United Kingdom. Bank of Cyprus also has representative offices in Russia, Ukraine and China. The Bank of Cyprus Group employs 4,355 staff worldwide. At 31 December 2017, the Group's Total Assets amounted to €23.6 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.

 

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