Announcement
Investor Presentation of the Group
Financial Results
for the six months ended 30 June
2024
Nicosia, 8 August 2024
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014,
(including, as it forms part of domestic UK law pursuant to the
European Union (Withdrawal) Act 2018 of the United
Kingdom).
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 six
months ended 30 June 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 and (vi) loan portfolio analysis in accordance with the
three-stages model for impairment of IFRS 9, (vii) fixed income
portfolio per issuer type and (viii) 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 and as
updated in the Interim Financial Report
2024.
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 30 June 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 2,860 staff worldwide. At 30 June 2024, the Group's
Total Assets amounted to €25.5 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.