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Next Inside the 10 largest banks in Cyprus HOME • INSIDER • BUSINESSES • Inside the 10 largest banks in Cyprus
& nbsp & nbspΣωκράτης Ιωακείμ & nbsp; & nbsp;
With a clearly reduced number of branches and staff compared to previous years and with the vast majority of foreign investors having control over their share capital, today appear the 10 largest banks operating in Cyprus. Insider presents data on the current number of branches, ATMs and bank staff, as well as natural and legal persons who currently have control of their share capital. & Nbsp; It also presents you with data on the financial results of the banks, as well as the complete list of foreign credit institutions operating in the country.
The environment in the domestic banking system is significantly improved compared to the period following the banking crisis of 2013. For example, the level of NPLs has decreased significantly, the capital position of institutions is characterized as strong meeting the supervisory criteria, while strategic investors choose to participate in the shareholding structure of domestic banks. At the same time, however, significant challenges remain to be addressed, such as high operating costs, the inability of banks to demonstrate significant and systematic profitability, mainly due to systemic difficulties in managing their staff and the inability to move fully into the digital age. Finally, the public of Cypriot banks is characterized by a high level of debt which reaches 117% for the public sector and 325% for the private sector. In a survey, Insider presents the current picture of the banking sector in Cyprus and records the data concerning the branch network, the staff and the major shareholders of 10 banks supervised by the Central Bank of Cyprus.
Details :
BANK OF CYPRUS
NUMBER OF BRANCHES: 84
ATM NUMBER: 154
STAFF NUMBER: 3,158
LARGE SHAREHOLDERS
-LAMESA INVESTMENTS LINITED 9.27%
-CARVAL INVESTORS 8.57%
-SENVEST MANAGEMENT LLC 6.01%
-EBRD: 5.02%
FINANCIAL RESULTS
– Profits after tax and before non-recurring amounts of € 91 million for 2021
-Profits after tax of € 30 million
-Total operating expenses of € 347 million, at approximately the same levels on an annual basis
-Cost-to-revenue ratio at 60%, at the same levels on an annual basis
-Category 1 Common Equity Index (CET1) 15.8% 2.3 and Overall Capital Adequacy Ratio 20.8% 2.3
-Reduction of MED percentage to loans to 7.5%, after the sale of MES signed in November 2021 (Helix 3)
HELLENIC BANK
NUMBER OF BRANCHES: 88 ATM NUMBER: 193
STAFF NUMBER: 2,722
LARGE SHAREHOLDERS
-DEMETRA INVESTMENT PUBLIC LTD21.0%
< p> -WARGAMING GROUP LIMITED: 20.2%
-POPPY SARL: 17.3%
-EUROBANK AE 12.6%
ECONOMIC RESULTS
-The profit after tax for the Nine Months 2021 amounted to € 20 million, while the provision reserve increased by € 18 million, approaching the levels it was at the beginning of the year
-The net interest margin decreased for the third quarter of 2021 by 15 basis points compared to the second quarter of 2021 (from 1.56% to 1.41%).
-The cost-to-income ratio (without adjustments) for the third quarter Quarter 2021 was recorded at 82.60% (Second Quarter 2021: 68.90%), reflecting the increase of 6.2% of operating costs, while at the same time the income was stable.
-The CET1 index (with transitional provisions) for the third quarter 2021 decreased to 20.00% from 19.70% of the previous quarter. The CAR index (with transitional provisions) increased by 30 bp. from the previous quarter and stood at 22.30%.
-The index of net loans to customer deposits stood at 41.10% reduced by 40 bp. from 41.50% as of the previous quarter.
-The total NPLs decreased by € 45 million and amounted to € 1.43 billion on 30/09/2021, while the percentage of NPLs in total loans decreased by 70 bp. from the previous quarter and stood at 21.30%. Coverage with provisions was 49.00%.
RCB BANK LTD
NUMBER OF BRANCHES: 8
ATM NUMBER: 8
STAFF NUMBER: 339
LARGE SHAREHOLDERS
-CRENDARO INVESTMENTS LIMITED 73.04%
-MITARVA LIMITED 26.96%.
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FINANCIAL RESULTS
-The profit after tax for 2020 amounted to € 11.5 million, reduced by € 21 million compared to the previous year.
-Net income increased by € 26 million compared to 2019, while net interest income increased by € 30 million.
139.16% of the previous year.
-For 2020, NPLs increased by € 100 million, reaching € 130 million which corresponds to 3.66% as a percentage of total loans.
< p> -The coverage ratio with forecasts amounted to 51.07%.
EUROBANK CYPRUS LTD
NUMBER OF BRANCHES: 8
ATM NUMBER: 0
STAFF NUMBER: 431
MAJOR SHAREHOLDER
-ERB NEW EUROPE HOLDING BV: 100%
FINANCIAL RESULTS
-The profit after tax for 2020 was recorded at € 40.1 million, reduced by € 4.5 million from the previous year.
-Net interest income decreased by 3.87% and amounted to € 75.2 million for 2020 from € 78.2 million recorded in 2019.
-The cost-to-income ratio increased to 36.90% from 34.30% last year.
-The net loan-to-customer ratio increased by 230 basis points, reaching 40.10% for 2020 from 37.80% formed in 2019.
-MEDs as a percentage of total loans remains at very low levels, reduced to 3.20% for 2020 from 3.40% formed in the previous financial year.
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-Coverage with provisions increased to 67.00% from 65.50% recorded last year.
ALPHA BANK CYPRUS LTD
BRANCH NUMBER: 17
ATM NUMBER: 22
STAFF NUMBER: 509
MAJOR SHAREHOLDER
-ALPHA BANK SA: 100%
FINANCIAL RESULTS
-Losses in 2020 amounted to € 71.1 million compared to profits of € 10.5 recorded in 2019. The provision reserve decreased by 70%, reaching € 182 cm.
-The CAR index decreased by 70 bp. reaching 19.50% on 31/12/2020 (31/12/2019: 20.20%), while the CET 1 index decreased by 90 bp. reaching 15.40%. compared to the previous year.
-The income/expense ratio stood at 83.90% on 31/12/2020, recording an increase of 5.6 p.m. compared to 2019 when the index was at 78.30%.
-The index of net loans to customer deposits stood at 64.80% on 31/12/2020, reduced by 4.2 p.m. compared to the previous year.
-The total NPLs decreased by 43% and amounted to € 650 million for 2020.
-Coverage with provisions decreased to 46.80% from 53.50% that had been formed on 31/12/2019.
ASTRO BANK PUBLIC COMPANY LIMITED
NUMBER BRANCHES: 16
ATM NUMBER: 17
STAFF NUMBER: 441
MAJOR SHAREHOLDERS
-HOLDING M. SEHNAOUI SAL: 20.90%
-PIRAEUS BANK SA: 12.60%
-BASSAM NAJIB DIAB: 11.60%
-WG CYPRUS: 11.50%
ECONOMIC RESULTS
-The loss for 2020 was € 18.1 million, compared to a profit of € 16.75 million recorded for 2019. The provision for provisions and impairments increased to € 183 million, an increase of 14% compared to the previous year./p>
-The net interest margin for the quarter ended 31/12/2020 amounted to 2.10% (31/12/2019: 2.30%).
-The net lending ratio to deposits amounted to 52.26% on 31/12/2020 (31/12/2019: 49.71%).
-The total NPLs decreased significantly to € 388m. on 31/12/2020, while the percentage of MEDs in the total loans decreased to 30.30% (31/12/2019: 42.00%).
-Coverage with forecasts marked a significant increase and amounted to 44.00%, significantly reduced compared to 2019, where it was recorded at 54.90%.
NATIONAL BANK OF GREECE CYPRUS
NUMBER OF BRANCHES: 9
NUMBER OF ATM: 12
NUMBER OF STAFF: 200
LARGE SHAREHOLDER
– NATIONAL BANK OF GREECE SA: 100%
FINANCIAL RESULTS
-The loss after tax for 2019 amounted to € 9.4 million compared to a loss of € 1.4 million for the year ended 31/12/2019.
-The total provisions and impairments for year 2020 amounted to € 14.5 million, while in 2019 it was € 3 million.
-The cost-to-income ratio for the year ended 31/12/2020 amounted to 134.70%, compared to 105.7 % for 2019, after the increase (5% on an annual basis) of operating expenses, combined with the decrease of 18% of net total income, worsened the relevant index.
– The ratio of net loans to deposits remains stable at 42.30% on December 31, 2020.
-At 31/12/2020, NPLs amounted to € 50.5 million, compared to € 47.1 million on 31/12/2019 (increase of 7.36% on an annual basis).
-The percentage of NPLs to total loans for the same period, increased to 22.60% from 18.60%.
-Coverage with provisions decreased to 28.65% on 31/12/2020 (31/12/2019: 27.56%).
ANCORIA BANK LTD
NUMBER OF BRANCHES: 3
ATM NUMBER: 5
STAFF NUMBER: 95
LARGE SHAREHOLDERS
-SIEVERT LARSSON: 41%
-ANCORIA INSURANCE PUBLIC LTD: 20.0%
THE SIEVERT LARSSON SCHOLARSHIP FOUNDATION: 19.2%
-TRADING POINT HOLDINGS LTD: 9.8 %
FINANCIAL RESULTS
-The loss in 2020 amounted to € 1.84 million, while in the previous year the loss was € 3.2 million.
-The reserve for provisions and impairments increased by 600 € 600 thousand and amounted to € 1.14 million for 2020.
-The net interest margin for 2020 amounted to 1.95% compared to 1.77% in the corresponding quarter last year.
-The cost-to-income ratio remains very high (130.69%), but significantly improved compared to with 2019 recorded at 177.42%.
-The total NPLs increased and amounted to € 1.84 million during the third quarter of 2020, while the percentage of NPLs in total loans remains at very low levels and formed at 0.78% (2nd Quarter: 0.33%).
-Coverage with provisions decreased to 46% from 93.70% of the 2nd Quarter.
SOCIETE GENERALE BANK – CYPRUS LIMITED
NUMBER OF BRANCHES: 3
ATM NUMBER: 3
STAFF NUMBER: 110
LARGE SHAREHOLDER
GENERAL SOCIETE DE BANQUE AU LIBAN: 100%
FINANCIAL RESULTS
-The loss for the year ended 31/12/2020 amounted to € 10.2 million compared to profits of € 3.9 million for the year ended 31/12/2019 .
-The total provisions and impairments for the year 2020 increased to € 124 million (2019: € 111 million).
– The net interest margin amounted to 1.3%. Net interest income increased by 15.8% and amounted to € 12 million on 31/12/2020 (31/12/2019: € 10.4 million).
-The cost-to-income ratio for in 2020, it increased to 68.34% from 60.88% that was on 31/12/2019.
-The ratio of net loans to deposits increased to 50.21%, recording a decrease of 250 bp. from 52.72% in 2019.
-At 31/12/2020, the NPLs amounted to € 213 million, compared to € 150 million on 31/12/2019. The percentage of NPLs to total loans decreased to 53.00% compared to 34.11% on 31/12/2019.
-The coverage with provisions rose to 58.20% on 31/12/2020 compared to 73.91 % in the year 2019.
CDB BANK
NUMBER OF BRANCHES: 2
ATM NUMBER: 2
STAFF NUMBER: 141
LARGE SHAREHOLDERS
-PATH HOLDING LTD: 20.37%
-KONSTANTINOS SIAKOLAS: 17.52%
-DELPHIS INVESTMENTS LTD: 14.95%
-INTERGAZ LTD: 9.96%
-8 SAFE INTERNATIONAL: 9.90%
-LORAMINA TRADING LTD: 6.80%
-7Q INVEST I MULTI OPPORTUNITIES 5.44%
ECONOMIC RESULTS
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-The loss during the third quarter of 2021 was € 442 thousand, while for the Nine months 2021 there was a loss of € 849 thousand.
, reduced by € 9 million compared to the previous quarter.
The net interest margin stood at 1.82%, which remains approximately stable from the end of 2020.
-Net interest income amounted to € 2.3 million. 2021 quarter: 40.79%).
-Predictive coverage decreased to 45.12% from 49.06% in the previous quarter.
FOREIGN CREDIT BRANCHES b >
FROM EU MEMBER COUNTRIES
-BANQUE SBA
-CENTRAL COOPERATIVE BANK PLC
-EFG BANK (LUXEMBOURG) SA
-THE NATIONAL BANK OF GREECE SA
-FIRST INVESTMENT BANK LTD
FROM COUNTRIES OUTSIDE EU .Ε.
-ARAB JORDAN INVESTMENT BANK SA
-BANK OF BEIRUT SAL
-BANKΜED SAL
– BANQUE BEMO SAL
-BBAC SAL
-BLOM BANK SAL
-BYBLOS BANK SAL
-CREDIT LIBANAIS SAL
-IBL BANK SAL
-JOINT STOCK COMPANY COMMERCIAL BANK “PRIVATBANK” *
-JORDAN AHLI BANK PLC
-JORDAN KUWAIT BANK PLC
-LGB BANK SAL
THE BANKING RADIO
-The total deposits from non-financial entities in December 2021 amounted to € 51.5 billion, increased by 6.87% compared to December 2020.
-The average interest rate on time deposits up to 12 months for new deposits from non-financial corporations decreased by 2 basis points compared to December 2020, and stood at 0.06%.
Non-performing loans (NPLs) in bank balance sheets amounted to € 4.3 billion in October 2021 and show a significant decrease of 32.4% in the last 12 months (Dec 2020: € 6.3 billion).
– The total balance of loans to non-financial entities amounted to € 29.9 billion in December 2021, down by € 1.9 billion. from the corresponding month last year.
-The balance of total loans shows a significant decrease of € 21.4 billion since December 2017, as a result of the subtraction from the domestic banking system of NPLs through loan sales, in the exchange debt write-offs, loan write-offs and repayments, as well as the general leverage of the banking system. in 2021, recording an increase of 8% compared to 2020. 38% of net new borrowing for 2021 was related to mortgage loans to eurozone households.
