EBA欧洲银行-CY_PQ0RAP85KK9Z75ONZW93_16页_3mb

2014 EU-wide Stress Test Summary for Bank of Cyprus Public Company Ltd

Core Information

• Bank Name: CY - Bank of Cyprus Public Company Ltd
• LEI Code: PQ0RAP85KK9Z75ONZW93
• Test Period: 2014 EU-wide Stress Test

Key Figures

• Actual figures as of 31 December 2013:

  • Operating profit before impairments: 799 million EUR
  • Impairment losses on financial and non-financial assets in the banking book: 2,097 million EUR
  • Common Equity Tier 1 (CET1) capital: 1,714 million EUR
  • Total Risk Exposure: 23,530 million EUR
  • CET1 ratio: 7.3%

• Outcome of the adverse scenario as of 31 December 2016:

  • 3-year cumulative operating profit before impairments: 1,319 million EUR
  • 3-year cumulative impairment losses on financial and non-financial assets in the banking book: 1,552 million EUR
  • 3-year cumulative losses from the stress in the trading book: 85 million EUR
  • Valuation losses due to sovereign shock after tax and prudential filters: 3 million EUR
  • CET1 capital: 346 million EUR
  • Total Risk Exposure: 23,011 million EUR
  • CET1 ratio: 1.5%

• Outcome of the baseline scenario as of 31 December 2016:

  • 3-year cumulative operating profit before impairments: 3,059 million EUR
  • 3-year cumulative impairment losses on financial and non-financial assets in the banking book: 448 million EUR
  • 3-year cumulative losses from the stress in the trading book: 2 million EUR
  • CET1 capital: 2,978 million EUR
  • Total Risk Exposure: 23,011 million EUR
  • CET1 ratio: 12.9%

Memorandum Items

• Common EU-wide CET1 Threshold (5.5%): 1,266 million EUR
• Total Additional Tier 1 and Tier 2 instruments eligible for conversion or write-down: 0 million EUR
• Common EU-wide CET1 Threshold (8.0%): 1,841 million EUR

Adverse Scenario Impairment Rates and Provisions

Baseline Scenario Impairment Rates and Provisions

Exposure and Risk Analysis (as of 31 December 2013)

Notes

• Securitisation and re-securitisations positions deducted from capital: 0 million EUR
• LTV % (as of 31/12/2013): Varies across categories, with notable percentages for Retail - Secured on real estate property (59.7%), Retail - Secured on real estate property - Of Which: SME (50.4%), and Retail - Secured on real estate property - Of Which: non-SME (61.1%)

Summary

The 2014 EU-wide Stress Test results for Bank of Cyprus Public Company Ltd reveal significant changes in financial performance and capital ratios under both the adverse and baseline scenarios. In the adverse scenario, the bank's CET1 ratio drops to 1.5% by 2016, indicating substantial capital erosion, while in the baseline scenario, it improves to 12.9%, showing resilience. The data highlights the impact of impairment losses and the importance of risk exposure management across different asset categories.