Announcement
Investor Presentation of the Group
Preliminary Financial Results
for the year ended 31 December
2023
Nicosia, 19 February 2024
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.
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 2023 (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, (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 2022 and as
updated in the Interim 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.