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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Bank Of Cyprus Holdings Public Limited Company | LSE:BOCH | London | Ordinary Share | IE00BD5B1Y92 | ORD EUR0.10 (CDI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.00 | 0.31% | 321.00 | 319.00 | 321.00 | 324.00 | 319.00 | 324.00 | 7,991 | 13:24:47 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2021 to Apr 2024
TIDMBOCH
RNS Number : 3563K
Bank of Cyprus Holdings PLC
01 September 2021
BANK OF CYPRUS HOLDINGS GROUP
Definitions and explanations of Alternative Performance Measures Disclosures
DEFINITIONS
Hot Features
Premium
Allowance for Allowance for expected loan credit losses comprises:
expected loan (i) allowance for expected credit losses (ECL) on
credit losses loans and advances to customers (including allowance
for expected credit losses on loans and advances
to customers classified as held for sale) , (ii)
the residual fair value adjustment on initial recognition
of loans and advances to customers (including residual
fair value adjustment on initial recognition on loans
and advances to customers classified as held for
sale), (iii) allowance for expected credit losses
for off-balance sheet exposures ( financial guarantees
Basic earnings/(losses) and commitments) disclosed on the balance sheet within
after tax and other liabilities and (iv) the aggregate fair value
before non-recurring adjustment on loans and advances to customers classified
items per share and measured at FVPL.
attributable
to the owners Basic earnings/(losses) after tax and before non-recurring
of the Company items per share attributable to the owners of the
(EUR cent) Company ( EUR cent) is the Profit/(loss) after tax
and before non-recurring items (as defined below)
(attributable to the owners of the Company) divided
by the weighted average number of shares in issue
during the period, excluding treasury shares.
Cost to income Cost to income ratio is calculated as the total staff
ratio costs (excluding 'Restructuring costs - Voluntary
Staff Exit Plan (VEP)' if applicable) (on an underlying
basis as reconciled in the table further below),
special levy on deposits and other levies/contributions
(on an underlying basis as reconciled in the table
further below), and other operating expenses (excluding
'Advisory and other restructuring costs-organic',
any restructuring costs relating to NPE sales, and
provisions for litigation, claims, regulatory and
other matters) (on an underlying basis as reconciled
in the table further below) divided by total income
as per the underlying basis (as defined below).
Digitally engaged This is the ratio of digitally engaged individual
customers ratio customers to the total number of individual customers.
Digitally engaged customers are the individuals who
use the digital channels of BOC PCL (mobile banking
app, browser and ATMs) to perform banking transactions,
as well as digital enablers such as a bank-issued
card to perform online card purchases, based on an
internally developed scorecard.
Gross loans Gross Loans comprises: (i) gross loans and advances
to customers measured at amortised cost before the
residual fair value adjustment on initial recognition
(including loans and advances to customers classified
as held for sale) and (ii) loans and advances to
customers classified and measured at FVPL adjusted
for the aggregate fair value adjustment.
Gross loans are reported before the residual fair
value adjustment on initial recognition relating
mainly to loans acquired from Laiki Bank (calculated
as the difference between the outstanding contractual
amount and the fair value of loans acquired).
Interest earning Interest earning assets include: cash and balances
assets with central banks (including cash and balances with
central banks classified as held for sale), plus
loans and advances to banks, plus net loans and advances
to customers (including loans and advances to customers
classified as held for sale) plus deferred consideration
receivable ('DPP') included within prepayments, accrued
income and other assets (as per Note 18 of the Consolidated
Condensed Interim Financial Statements), plus investments
(excluding equities and mutual funds).
Leverage ratio The leverage ratio is the ratio of tangible total
equity (including Other equity instruments) to total
assets as presented on the balance sheet. Tangible
total equity comprises of equity attributable to
the owners of the Company minus intangible assets.
Loan credit Loan credit losses comprise: (i) credit losses to
losses cover credit risk on loans and advances to customers,
(ii) net (losses)/gains on derecognition of financial
assets measured at amortised cost and (iii) net (losses)/gains
on loans and advances to customers at FVPL, for the
period.
Loan credit Loan credit losses charge (cost of risk) (year to
losses charge date) is calculated as the loan credit losses (as
(cost of risk) defined) (annualised based on year to date days)
divided by the average gross loans (as defined).
The average of gross loans is calculated as the average
of the opening balance and the closing balance for
the period.
Net fee and Fee and commission income less fee and commission
commission income expense divided by total income (as defined).
over total income
Net Interest Net interest margin is calculated as the net interest
Margin income (per the underlying basis) (annualised based
on year to date days) divided by the quarterly average
interest earning assets (as defined). Quarterly average
interest earning assets exclude interest earning
assets of any discontinued operations at each quarter
end, if applicable.
Net loans and Net loans and advances to customers comprise gross
advances to loans (as defined) net of allowance for expected
customers loan credit losses (as defined, but excluding allowance
for expected credit losses on off-balance sheet exposures
disclosed on the balance sheet within other liabilities).
Net loans to Net loans to deposits ratio is calculated as the
deposits ratio gross loans (as defined) net of allowance for expected
loan credit losses (as defined), divided by customer
deposits.
New lending New lending includes the disbursed amounts of the
new and existing non-revolving facilities (excluding
forborne or re-negotiated accounts) as well as the
average year to date change (if positive) of the
current accounts and overdraft facilities between
the balance at the beginning of the period and the
end of the period. Recoveries are excluded from this
calculation since their overdraft movement relates
mostly to accrued interest and not to new lending.
Non-performing The definition of NPEs is included in 'Additional
exposures (NPEs) Risk and Capital Management Disclosures' section
of the Interim Financial Report 2021.
Exposures include all on and off balance sheet exposures,
except those held for trading, and are categorized
as such for their entire amount without taking into
account the existence of collateral.
The NPEs are reported before the deduction of allowance
for expected credit losses (as defined).
Non-recurring Non-recurring items as presented in the 'Consolidated
items Condensed Interim Income Statement on the underlying
basis' relate to: (i) Advisory and other restructuring
costs - organic and (ii) Provisions/net loss relating
to NPE sales, including restructuring expenses.
NPE coverage The NPE coverage ratio is calculated as the allowance
ratio for expected loan credit losses (as defined) over
NPEs (as defined).
NPE ratio The NPE ratio is calculated as the NPEs (as defined)
divided by gross loans (as defined).
Operating profit Operating profit (on an underlying basis) comprises
profit before loan credit losses (as defined), impairments
of other financial and non-financial assets, provisions
for litigation, claims, regulatory and other matters,
tax, (profit)/loss attributable to non-controlling
interests and non-recurring items (as defined).
Operating profit Operating profit return on average assets is calculated
return on average as the annualised (based on year to date days) operating
assets profit (on an underlying basis) (as defined) divided
by the quarterly average of total assets for the
relevant period. Average total assets exclude total
assets of discontinued operations at each quarter
end, if applicable.
Profit/(loss) Profit/(loss) after tax - organic (attributable to
after tax - the owners of the Company) is the profit/(loss) after
organic (attributable tax and before non-recurring items (as defined above)
to the owners (attributable to the owners of the Company), except
of the Company) for the 'Advisory and other restructuring costs -
organic'.
Total income Total income per the underlying basis comprises the
total of net interest income, net fee and commission
income , net foreign exchange gains, net (losses)/gains
on financial instrument transactions and disposal/dissolution
of subsidiaries and associates ( excluding net (losses)/gains
on loans and advances to customers at FVPL) , insurance
income net of claims and commissions, net gains/(losses)
from revaluation and disposal of investment properties,
net gains on disposal of stock of property and other
income (per the underlying basis) . A reconciliation
of these amounts between the statutory basis and
the underlying basis is disclosed in the Interim
Management Report under section 'Group financial
results per the underlying basis'.
RECONCILIATIONS
For the purpose of the 'Definitions and explanations of Alternative Performance Measures Disclosures', reference to 'Note' relates to the respective note in the Consolidated Condensed Interim Financial Statements for the six months ended 30 June 2021.
1. (a) Reconciliation of Gross loans and advances to customers
30 June 31 December
2021 2020
EUR000 EUR000
=========== ============
Gross loans and advances to customers as per 12,261,40
the underlying basis (as defined above) 10,893,094 4
=========== ============
Reconciling items:
=========== ============
Residual fair value adjustment on initial (146,60
recognition (Note 29.4) (145,200) 2 )
=========== ============
Loans and advances to customers classified
as held for sale (Note 29.3) - (1,341,255)
=========== ============
Residual fair value adjustment on initial
recognition on loans and advances to customers
classified as held for sale (Note 29.4) - (46,675)
=========== ============
Loans and advances to customers measured at
fair value through profit or loss (Note 16) (292,119) (289,861)
=========== ============
Aggregate fair value adjustment on loans and
advances to customers measured at fair value
through profit or loss (39,559) (36,408)
----------- ------------
Gross loans and advances to customers at
amortised cost as per the Consolidated Condensed
Interim Financial Statements (Note 16) 10,416,216 10,400,603
=========== ============
1. (b) Reconciliation of Loans and advances to customers classified as held for sale
31 December
2020
EUR000
============
Loans and advances to customers classified as held for
sale as per the underlying basis 1,387,930
============
Reconciling items:
============
Residual fair value adjustment on initial recognition
on loans and advances to customers classified as held
for sale (Note 29.4) (46,675)
============
Loans and advances to customers classified as held
for sale as per the Consolidated Condensed Interim Financial
Statements (Note 19) 1,341,255
============
1. (c) Reconciliation of Gross book value of loans and advances to customers of Project Helix 2
30 June
2021
EUR000
==========
Gross book value of loans and advances to customers
of Project Helix 2 as per the underlying basis 1,331,084
==========
Reconciling items:
==========
Residual fair value adjustment on initial recognition
on loans and advances to customers of Project Helix
2 (44,239)
==========
Gross book value of loans and advances to customers
of Project Helix 2 as per the Consolidated Condensed
Interim Financial Statements (Note 29.4) 1,286,845
==========
2. (a) Reconciliation of Allowance for expected credit losses on loans and advances to customers (ECL)
30 June 31 December
2021 2020
EUR000 EUR000
========== ============
Allowance for expected credit losses on loans
and advances to customers (ECL) as per the 1,901,97
underlying basis (as defined above) 947,453 8
========== ============
Reconciling items:
========== ============
Residual fair value adjustment on initial (146,60
recognition (Note 29.4) (145,200) 2 )
========== ============
Aggregate fair value adjustment on loans and
advances to customers measured at fair value
through profit or loss (39,559) (36,408)
========== ============
Allowance for expected credit losses on loans
and advances to customers classified as held
for sale (Note 19) - (848,218)
========== ============
Residual fair value adjustment on initial
recognition on loans and advances to customers
classified as held for sale (Note 29.4) - (46,675)
========== ============
Provisions for financial guarantees and commitments
(Note 23) (20,901) (19,658)
---------- ------------
Allowance for ECL for impairment of loans
and advances to customers as per the Consolidated
Condensed Interim Financial Statements
(Note 16) 741,793 804,417
========== ============
2. (b) Reconciliation of Allowance for expected credit losses on loans and advances to customers classified as held for sale (ECL)
31 December
2020
EUR000
============
Allowance for expected credit losses on loans and
advances to customers (ECL) classified as held for
sale as per the underlying basis 894,893
============
Reconciling items:
============
Residual fair value adjustment on initial recognition
on loans and advances to customers classified as held
for sale (Note 29.4) (46,675)
============
Allowance for ECL for impairment of loans and advances
to customers classified as held for sale as per the
Consolidated Condensed Interim Financial Statements
(Note 19) 848,218
============
3. Reconciliation of NPEs
30 June 31 December
2021 2020
EUR000 EUR000
=========== ============
NPEs as per the underlying basis (as defined
above) 1,588,532 3,085,646
=========== ============
Reconciling items:
=========== ============
Loans and advances to customers ( NPEs ) classified (1,312,16
as held for sale (Note 1 below) - 5 )
=========== ============
Residual fair value adjustment on initial
recognition on loans and advances to customers
( NPEs ) classified as held for sale (Note (47,01 1
2 below) - )
=========== ============
Loans and advances to customers measured at
fair value through profit or loss (NPEs) (121,058) (118,479)
=========== ============
POCI (NPEs) (Note 3 below) (212,162) (227,065)
=========== ============
Residual fair value adjustment on initial
recognition on loans and advances to customers (9,37 6
(NPEs) classified as Stage 3 (Note 29.4) (9,159) )
----------- ------------
Stage 3 gross loans and advances to customers
at amortised cost as per the Consolidated
Condensed Interim Financial Statements
(Note 29.4) 1,246,153 1,371,550
=========== ============
NPE ratio
=========== ============
NPEs (as per table above) ( EUR000) 1,588,532 3,085,646
=========== ============
Gross loans and advances to customers (as 12,261,40
per table above) (EUR000) 10,893,094 4
=========== ============
Ratio of NPE/Gross loans (%) 14.6% 25.2%
=========== ============
3. Reconciliation of NPEs ( continued)
Note 1 : As at 30 June 2021, there were no loans and advances to customers classified as held for sale. As at 31 December 2020, gross loans at amortised cost after residual fair value adjustment on initial recognition classified as held for sale include an amount of EUR1,130,937 thousand Stage 3 loans and an amount of EUR181,228 thousand POCI - Stage 3 loans (out of a total of EUR181,984 thousand POCI loans), as disclosed in Note 29.4 of the Consolidated Condensed Interim Financial Statements for the six months ended 30 June 2021.
Note 2 : As at 30 June 2021, there were no loans and advances to customers classified as held for sale. As at 31 December 2020, the residual fair value adjustment on initial recognition of loans and advances to customers classified as held for sale includes an amount of EUR7,650 thousand for Stage 3 loans and an amount of EUR39,361 thousand for POCI - Stage 3 loans (out of a total of EUR39 ,381 thousand POCI loans), as disclosed in Note 29.4 of the Consolidated Condensed Interim Financial Statements for the six months ended 30 June 2021.
Note 3 : Gross loans and advances to customers at amortised cost before residual fair value adjustment on initial recognition include an amount of EUR212,162 thousand POCI - Stage 3 loans (out of a total of EUR304,118 thousand POCI loans) (31 December 2020: EUR227,065 thousand POCI - Stage 3 loans (out of a total of EUR335,852 thousand POCI loans)) as disclosed in Note 29.4 of the Consolidated Condensed Interim Financial Statements for the six months ended 30 June 2021.
4. Reconciliation of Gross Loans - Pro forma
31 December
2020
EUR000
============
12,261,40
Gross Loans (as per table 1 (a) above) 4
============
Reconciling items:
============
Gross loans and advances to customers classified as
held for sale
( Project Helix 2, Portfolios A and B ) (Note 19 -
Disposal Group 1 and 2) (1,309,206)
============
Residual fair value adjustment on initial recognition
on loans and advances to customers classified as held
for sale ( Project Helix 2, Portfolios A and B ) (44,947)
============
Gross loans and advances to customers - pro forma 10,907,251
============
5. Reconciliation of NPEs - Pro forma
31 December
2020
EUR000
============
NPEs (as per table 3 above) 3,085,646
============
Reconciling items:
============
Gross loans and advances to customers ( NPEs ) classified
as held for sale ( Project Helix 2, Portfolios A and
B ) (Note 1 below) (1,280,391)
============
Residual fair value adjustment on initial recognition
on loans and advances to customers ( NPEs ) classified
as held for sale ( Project Helix 2, Portfolios A and
B ) (45,269)
============
NPEs - pro forma 1,759,986
============
NPE ratio - Pro forma 31 December
2020
NPEs - Pro forma (as per table above) ( EUR000) 1,759,986
============
Gross loans and advances to customers - Pro forma (as
per table above) (EUR000) 10,907,251
============
Ratio of NPE/Gross loans - Pro forma (%) 16.1%
============
5. Reconciliation of NPEs - Pro forma (continued)
Note 1 : Gross loans at amortised cost after residual fair value adjustment on initial recognition classified as held for sale as at 31 December 2020, include an amount of EUR1,106,816 thousand Stage 3 loans and an amount of EUR173,575 thousand POCI - Stage 3 loans for project Helix 2, Portfolios A and B (out of a total EUR1,130,937 thousand Stage 3 loans classified as held for sale as disclosed in Note 29.4 of the Consolidated Condensed Interim Financial Statements for the six months ended 30 June 2021 and EUR181,228 thousand POCI - stage 3 loans classified as held for sale as disclosed in Note 1 of Table 3 in these ' Definitions and explanations of Alternative Performance Measures Disclosures ') .
6. Reconciliation of Loan credit losses
Six months ended
30 June
2021 2020
========= ========
EUR000 EUR000
========= ========
Loan credit losses as per the underlying basis 35,237 87,425
========= ========
Reconciling items:
========= ========
Loan credit losses relating to NPE sales,
disclosed under non-recurring items within
'Provisions/net loss relating to NPE sales,
including restructuring expenses' under the
underlying basis 15,210 90,662
========= ========
50,447 178,087
========= ========
Loan credit losses (as defined) are reconciled
to the statutory basis as follows:
========= ========
Credit losses to cover credit risk on loans
and advances to customers (Note 10) 48,349 183,711
========= ========
Net gains on derecognition of financial assets
measured at amortised cost (Interim Consolidated
Income Statement) (1,053) (2,617)
========= ========
Net losses/(gains) on loans and advances to
customers at FVPL (Note 8) 3,151 (3,007)
--------- --------
50,447 178,087
========= ========
RATIO INFORMATION
For the purpose of the 'Definitions and explanations of Alternative Performance Measures Disclosures', reference to 'Note' relates to the respective note in the Consolidated Condensed Interim Financial Statements for the six months ended 30 June 2021.
1. Net Interest Margin
Reconciliation of the various components of net interest margin between the underlying basis and the statutory basis is provided below:
1.1.
1.1.
1.1. Reconciliation of Net interest income Six months ended
30 June
2021 2020
========= ========
EUR000 EUR000
========= ========
Net interest income as per the underlying basis/statutory
basis 152,213 167,800
========= ========
Net interest income used in the calculation
of NIM (annualised) 306,949 337,444
========= ========
1.2. Interest earning assets 30 June 31 March 31 December
2021 2021 2020
EUR000 EUR000 EUR000
=========== =========== ============
Cash and balances with central banks 8,227,491 6,926,347 5, 653,315
=========== =========== ============
Loans and advances to banks 436,091 420,593 402,784
=========== =========== ============
Loans and advances to customers 9,966,542 9,959,849 9,886,047
=========== =========== ============
Loans and advances to customers held
for sale (Note 19) - 471,628 493,037
=========== =========== ============
Cash held for sale (Note 19) - 79,373 68,425
=========== =========== ============
Prepayments, accrued income and other 378,141 - -
assets - Deferred consideration receivable
('DPP') (Note 18)
=========== =========== ============
Investments
=========== =========== ============
Debt securities (Note 13) 1,998,076 1,923,324 1,708,844
=========== =========== ============
Less: Investments which are not interest
bearing (7,531) (18,883) (18,618)
----------- ----------- ------------
18,1 93
Total interest earning assets 20,998,810 19,762,231 , 834
=========== =========== ============
1.3. Quarterly average interest
earning assets (EUR000)
=========== =========== ============
* as at 30 June 2021 19,651,625
=========== =========== ============
* as at 30 June 2020 17,740,852
=========== =========== ============
1.1.
1.1.
1.4. Net interest margin Six months ended
30 June
2021 2020
=========== ===========
Net interest income (annualised) (as per table
1.1. above) (EUR000) 306,949 337,444
=========== ===========
Quarterly average interest earning assets (as
per table 1.3. above) (EUR000) 19,651,625 17,740,852
=========== ===========
NIM (%) 1.56% 1.90%
=========== ===========
2. Cost to income ratio
2.1. Reconciliation of the various components of total expenses used in the cost to income ratio calculation from the underlying basis to the statutory basis is provided below:
Six months ended
30 June
2021 2020
========== =======
EUR000 EUR000
========== =======
2.1.1. Reconciliation of Staff costs
========== =======
Total Staff costs as per the underlying basis/statutory
basis 100,866 96,208
========== =======
Six months ended
30 June
2021 2020
========= ========
EUR000 EUR000
========= ========
2.1.2. Reconciliation of Other operating
expenses
========= ========
Other operating expenses as per the underlying
basis 69,487 68,633
========= ========
Reclassifications for:
========= ========
Operating expenses relating to NPE sales,
presented within 'Provisions/net loss relating
to NPE sales, including restructuring expenses'
under the underlying basis 6,300 12,000
========= ========
Provisions for pending litigations, claims,
regulatory and other matters, separately presented
under the underlying basis 4,360 4,044
========= ========
Advisory and other restructuring costs - organic,
separately presented under the underlying
basis 5,264 6,183
========= ========
Restructuring costs relating to the NPE sales,
presented within 'Provisions/net loss relating
to NPE sales, including restructuring expenses'
under the underlying basis 10,177 3,704
--------- --------
Other operating expenses as per the statutory
basis 95,588 94,564
========= ========
Six months ended
30 June
2021 2020
========= ========
EUR000 EUR000
========= ========
2.1.3. Special levy on deposits and other
levies/contributions
========= ========
Special levy on deposits and other levies/contributions
per the underlying basis/statutory basis 15,255 15,323
========= ========
2. Cost to income ratio ( continued)
2.2. Reconciliation of the various components of total income (as defined) used in the cost to income ratio calculation from the underlying basis to the statutory basis is provided below:
Six months ended
30 June
20 2 1 20 20
========= ===========
EUR000 EUR000
========= ===========
2.2.1. Reconciliation of Net fee and commission
income
========= ===========
Total Net fee and commission income as per
the underlying basis/statutory basis 83,857 71,245
========= ===========
Six months ended
30 June
20 2 1 20 20
========== =======
EUR000 EUR000
========== =======
2.2.2. Reconciliation of Net foreign exchange
gains and Net gains on financial instrument
transactions and disposal/dissolution of subsidiaries
and associates
========== =======
Total Net foreign exchange gains and net gains
on financial instruments transactions and
disposal/dissolution of subsidiaries and associates
as per the underlying basis 8,058 12,384
========== =======
Reclassifications for:
========== =======
Net (losses)/gains on loans and advances to
customers measured at fair value through profit
or loss (FVPL), disclosed within 'Loan credit
losses' per the underlying basis (Note 8) (3,151) 3,007
========== =======
Net loss on early redemption of subordinated (12,433) -
loan stock, disclosed within 'Advisory and
other restructuring costs-organic' under the
underlying basis (Note 8)
---------- -------
Total Net foreign exchange gains and et (losses)/gains
on financial instrument transactions and disposal/dissolution
of subsidiaries and associates as per the
statutory basis (see below) (7,526) 15,391
========== =======
Net foreign exchange gains as per the statutory
basis 6,550 10,543
========== =======
Net (losses)/gains on financial instrument
transactions and disposal/dissolution of subsidiaries
and associates as per the statutory basis (14,076) 4,848
---------- -------
Total Net foreign exchange gains and Net (losses)/gains
on financial instrument transactions and disposal/dissolution
of subsidiaries and associates as per the
statutory basis (7,526) 15,391
========== =======
2. Cost to income ratio ( continued)
Six months ended
30 June
2021 2020
========= ========
EUR000 EUR000
========= ========
2. 3. Total Income as per the underlying
basis
========= ========
Net interest income as per the underlying
basis (as per table above) 152,213 167,800
========= ========
Net fee and commission income as per the underlying
basis (as per table above) 83,857 71,245
========= ========
Net foreign exchange gains and Net gains on
financial instrument transactions and disposal/dissolution
of subsidiaries and associates as per the
underlying basis (as per table above) 8,058 12,384
========= ========
Insurance income net of claims and commissions
(as per the statutory basis) 31,068 28,915
========= ========
Net gains from revaluation and disposal of
investment properties and on
disposal of stock of properties (as per the
statutory basis) 5,991 347
========= ========
Other income (as per the statutory basis) 6,597 8,043
--------- --------
Total Income as per the underlying basis 287,784 288,734
========= ========
Six months ended
30 June
2021 2020
========= ========
EUR000 EUR000
========= ========
2. 4. Total Expenses as per the underlying
basis
========= ========
Staff costs as per the underlying basis (as
per table above) 100,866 96,208
========= ========
Special levy on deposits and other levies/contributions
as per the underlying basis (as per table
above) 15,255 15,323
========= ========
Other operating expenses as per the underlying
basis (as per table above) 69,487 68,633
--------- --------
Total Expenses as per the underlying basis 185,608 180,164
========= ========
2.5. Cost to income ratio
========= ========
Total expenses (as per table above) ( EUR000) 185,608 180,164
========= ========
Total income (as per table above) (EUR000) 287,784 288,734
========= ========
Total expenses/Total income (%) 64% 62%
========= ========
3. Operating profit return on average assets
The various components used in the determination of the operating profit return on average assets are provided below:
30 June 31 March 31 December
2021 2021 2020
EUR000 EUR000 EUR000
=========== =========== ============
Total assets used in the computation
of the operating profit return
on average assets/per the Interim
Consolidated Balance Sheet 24,211,313 23,043,592 21,514,131
=========== =========== ============
30 June 30 June
2021 2020
Annualised operating profit ( EUR000) 206,046 218,334
=========== ===========
Quarterly average total assets ( EUR 000) 22,923,012 20,974,807
=========== ===========
Operating profit return on average assets
(annualised) (%) 0.9% 1.0%
=========== ===========
The reconciliation of the various components of operating profit between the underlying and the statutory basis has been provided in the tables above.
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END
IR EAKNFEAAFEEA
(END) Dow Jones Newswires
September 01, 2021 02:27 ET (06:27 GMT)
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