trending Market Intelligence /marketintelligence/en/news-insights/trending/7_kd_auEKrRZWNJL0RjgWA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

ECB approves significant risk transfer benefit for Bank of Cyprus from NPL sale

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


ECB approves significant risk transfer benefit for Bank of Cyprus from NPL sale

Bank of Cyprus Holdings PLC obtained ECB approval for the significant risk transfer benefit from the proposed sale of its €2.7 billion nonperforming loans portfolio, dubbed Project Helix.

The deal, which was disclosed August 2018, remains subject to various outstanding conditions and is expected to complete early in the second quarter, resulting in a positive impact of 160 basis points on the bank's capital ratios due to the release of risk-weighted assets.

The transaction has reduced the Cypriot lender's nonperforming exposures and improved its NPE ratio to 36% from 47% based on its preliminary 2018 results. The pro forma NPE provisioning coverage ratio for the deal is 47%.

Bank of Cyprus' phased-in common equity Tier 1 ratio and total capital ratio, pro forma for both legislation amendments and Project Helix, stood at 15.4% and 18.3%, respectively, at the end of 2018.