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Bank of Cyprus Holdings

OTCPK:BKCY.F
Snowflake Description

Adequate balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BKCY.F
OTCPK
€660M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Bank of Cyprus Holdings Public Limited Company, through its subsidiaries, provides banking, financial, and insurance services to individuals, small and medium sized enterprises, and corporate customers. The last earnings update was 43 days ago. More info.


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BKCY.F Share Price and Events
7 Day Returns
0%
OTCPK:BKCY.F
0.1%
US Banks
2%
US Market
1 Year Returns
-29.4%
OTCPK:BKCY.F
-7%
US Banks
4.3%
US Market
BKCY.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bank of Cyprus Holdings (BKCY.F) 0% 1.9% 3.2% -29.4% - -
US Banks 0.1% 0.7% 5.8% -7% 51.5% 40.9%
US Market 2% 4.1% 4.2% 4.3% 43.9% 40.8%
1 Year Return vs Industry and Market
  • BKCY.F underperformed the Banks industry which returned -7% over the past year.
  • BKCY.F underperformed the Market in United States of America which returned 4.3% over the past year.
Price Volatility
BKCY.F
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Bank of Cyprus Holdings's competitors could be found in our database.

Value

 Is Bank of Cyprus Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Bank of Cyprus Holdings. This is due to cash flow or dividend data being unavailable. The share price is $1.6.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bank of Cyprus Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bank of Cyprus Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:BKCY.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €-0.13
CSE:BOCH Share Price ** CSE (2019-06-03) in EUR €1.48
United States of America Banks Industry PE Ratio Median Figure of 600 Publicly-Listed Banks Companies 12.7x
United States of America Market PE Ratio Median Figure of 3,095 Publicly-Listed Companies 17.88x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bank of Cyprus Holdings.

OTCPK:BKCY.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= CSE:BOCH Share Price ÷ EPS (both in EUR)

= 1.48 ÷ -0.13

-11.67x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bank of Cyprus Holdings is loss making, we can't compare its value to the US Banks industry average.
  • Bank of Cyprus Holdings is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Bank of Cyprus Holdings's expected growth come at a high price?
Raw Data
OTCPK:BKCY.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -11.67x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
38.5%per year
United States of America Banks Industry PEG Ratio Median Figure of 272 Publicly-Listed Banks Companies 1.36x
United States of America Market PEG Ratio Median Figure of 2,134 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Bank of Cyprus Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Bank of Cyprus Holdings's assets?
Raw Data
OTCPK:BKCY.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €5.48
CSE:BOCH Share Price * CSE (2019-06-03) in EUR €1.48
United States of America Banks Industry PB Ratio Median Figure of 603 Publicly-Listed Banks Companies 1.19x
United States of America Market PB Ratio Median Figure of 5,255 Publicly-Listed Companies 1.8x
OTCPK:BKCY.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= CSE:BOCH Share Price ÷ Book Value per Share (both in EUR)

= 1.48 ÷ 5.48

0.27x

* Primary Listing of Bank of Cyprus Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bank of Cyprus Holdings is good value based on assets compared to the US Banks industry average.
X
Value checks
We assess Bank of Cyprus Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Bank of Cyprus Holdings has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Bank of Cyprus Holdings expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
38.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bank of Cyprus Holdings expected to grow at an attractive rate?
  • Bank of Cyprus Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Bank of Cyprus Holdings's earnings growth is expected to exceed the United States of America market average.
  • Bank of Cyprus Holdings's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:BKCY.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:BKCY.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 38.5%
OTCPK:BKCY.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 9.7%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 3.9%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:BKCY.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:BKCY.F Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 655 131 3
2020-12-31 641 122 3
2019-12-31 629 129 1
OTCPK:BKCY.F Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 443 -57
2018-12-31 468 -132 -111
2018-09-30 849 -42
2018-06-30 438 207 -55
2018-03-31 50 -514
2017-12-31 85 593 -552
2017-09-30 45 -552
2017-06-30 39 500 -547
2017-03-31 557 16
2016-12-31 579 640 64
2016-09-30 79 574 -450
2016-06-30 103 1,141 -415

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bank of Cyprus Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Bank of Cyprus Holdings's revenue is expected to grow by 9.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:BKCY.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Bank of Cyprus Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:BKCY.F Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
OTCPK:BKCY.F Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 -0.13
2018-12-31 -0.25
2018-09-30 -0.09
2018-06-30 -0.12
2018-03-31 -1.15
2017-12-31 -1.24
2017-09-30 -1.24
2017-06-30 -1.23
2017-03-31 0.03
2016-12-31 0.14
2016-09-30 -0.05
2016-06-30 -0.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Bank of Cyprus Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Bank of Cyprus Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bank of Cyprus Holdings has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Bank of Cyprus Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Bank of Cyprus Holdings's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Bank of Cyprus Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Bank of Cyprus Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Bank of Cyprus Holdings's 1-year growth to the US Banks industry average as it is not currently profitable.
Earnings and Revenue History
Bank of Cyprus Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bank of Cyprus Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:BKCY.F Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 443.19 -56.57 246.80
2018-12-31 467.81 -110.76 241.93
2018-09-30 849.50 -41.98 262.36
2018-06-30 437.91 -55.09 232.03
2018-03-31 49.64 -513.99 231.19
2017-12-31 85.29 -552.33 233.02
2017-09-30 44.60 -552.02 171.03
2017-06-30 38.79 -546.68 248.02
2017-03-31 557.26 15.58 242.41
2016-12-31 578.88 63.66 252.44
2016-09-30 79.26 -449.93 297.79
2016-06-30 102.93 -415.47 260.76
2016-03-31 -54.14 -378.73 256.39
2015-12-31 -120.15 -382.51 257.18
2015-09-30 104.19 -133.63 258.80
2015-06-30 108.57 -151.55 257.34
2015-03-31 422.06 -11.90 262.08
2014-12-31 485.14 19.16 260.22
2014-09-30 721.49 262.13 205.91
2014-06-30 679.21 94.09 231.45
2014-03-31 354.09 -263.35 261.16
2013-12-31 158.32 -515.76 293.97
2013-09-30 -666.35 -1,777.74 375.45
2013-06-30 -657.24 -1,625.41 376.12
2013-03-31 -535.77 -1,634.59 351.23
2012-12-31 -395.52 -1,280.83 348.28
2012-09-30 -51.98 -565.88 451.35
2012-06-30 -646.59 -1,257.89 467.48

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Bank of Cyprus Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Bank of Cyprus Holdings has efficiently used its assets last year compared to the US Banks industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Bank of Cyprus Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Bank of Cyprus Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Bank of Cyprus Holdings has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Bank of Cyprus Holdings's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Bank of Cyprus Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bank of Cyprus Holdings Company Filings, last reported 2 months ago.

OTCPK:BKCY.F Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 2,469.39 1,378.60 3,924.06
2018-12-31 2,367.33 1,388.86 5,213.62
2018-09-30 2,253.17 1,378.27 4,193.12
2018-06-30 2,243.25 1,403.08 5,325.26
2018-03-31 2,341.29 1,520.52 3,288.39
2017-12-31 2,616.71 1,540.50 4,440.92
2017-09-30 2,597.79 1,398.76 2,758.95
2017-06-30 2,578.22 1,486.23 2,768.65
2017-03-31 3,114.00 1,381.00 1,775.00
2016-12-31 3,106.11 1,156.01 2,264.34
2016-09-30 3,102.66 2,329.83 2,489.11
2016-06-30 3,095.99 3,558.11 2,409.37
2016-03-31 3,124.33 4,219.26 2,091.99
2015-12-31 3,077.33 4,876.11 2,353.33
2015-09-30 3,538.07 6,148.45 2,268.58
2015-06-30 3,519.14 7,246.96 1,864.49
2015-03-31 3,507.79 8,556.17 2,160.15
2014-12-31 3,481.05 8,936.12 2,038.42
2014-09-30 3,784.63 9,392.79 2,083.27
2014-06-30 2,813.93 11,078.54 1,813.51
2014-03-31 2,759.00 11,665.00 2,105.00
2013-12-31 2,737.68 11,836.79 1,553.37
2013-09-30 2,789.53 12,337.96 2,307.65
2013-06-30 2,919.56 12,240.24 2,159.63
2013-03-31 2,919.56 12,240.24 2,159.63
2012-12-31 335.28 1,310.71 1,743.46
2012-09-30 2,309.33 5,119.43 4,408.38
2012-06-30 2,325.31 5,664.63 4,260.50
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Bank of Cyprus Holdings has an acceptable proportion of non-loan assets held.
  • Bank of Cyprus Holdings's liabilities are made up of primarily low risk sources of funding.
  • Loans at Bank of Cyprus Holdings are broadly funded by customer deposits.
  • Bank of Cyprus Holdings's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Bank of Cyprus Holdings has a low allowance for bad loans.
  • Bank of Cyprus Holdings has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Bank of Cyprus Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bank of Cyprus Holdings has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Bank of Cyprus Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Bank of Cyprus Holdings dividends.
If you bought $2,000 of Bank of Cyprus Holdings shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Bank of Cyprus Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Bank of Cyprus Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:BKCY.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 479 Stocks 2.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2012 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:BKCY.F Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Bank of Cyprus Holdings has not reported any payouts.
  • Unable to verify if Bank of Cyprus Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Bank of Cyprus Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Bank of Cyprus Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Bank of Cyprus Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bank of Cyprus Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bank of Cyprus Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Bank of Cyprus Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John Hourican
COMPENSATION €2,536,672
AGE 49
TENURE AS CEO 5.6 years
CEO Bio

Mr. John Patrick Hourican has been the Group Chief Executive Officer of Bank of Cyprus Holdings Public Limited Company since November 1, 2013 and has been its Executive Director since July 2016. Mr. Hourican served as the Chief Executive Officer and President at Central Bank Of Cyprus. He served as the Chief Executive of Markets & International Banking at The Royal Bank of Scotland Group plc from January 2012 to February 28, 2013 and served as its Chief Executive of Global Banking & Markets Division from October 2008 to 2013. He served as the Chief Executive of Global Banking & Markets at The Royal Bank Of Scotland Limited. He served as the Chief Financial Officer of The Royal Bank of Scotland N.V. and served as its Member of Management Board since November 2007. He served as the Chief Financial Officer of RBS Holdings N.V. until October 14, 2008 and served as its Member of Management Board from November 2007 to October 14, 2008. He served as the Chief Financial Officer and Member of the Management Board of ABN AMRO Group from 2007 to 2008. He served at Royal Bank of Scotland (RBS) Group Plc, UK from 1997 to 2013. He served as the Head of Leveraged Finance for Europe and Asia Pacific at The Royal Bank of Scotland Group (RBS Group) from 2006 to 2007 and served as its Chief Operating Officer of Global Banking and Markets from 2005 to 2006 and Chief Financial Officer of Corporate Banking and Financial Markets from 2002 to 2005. He worked in various roles of Stuctured Finance at RBS Group from 1997 to 2002. He joined RBS in 1997 and held a variety of senior positions within RBS's wholesale banking division, notably on the division's board as Finance Director and Chief Operating Officer, where he was responsible for managing 3,000 people globally. He started his career at Price Waterhouse, where he held a variety of Corporate Finance and Audit roles in Dublin, London and Hong Kong from 1991 to 1997. He serves as a Member of the Supervisory Board of Atradius N.V. He is a Fellow of the Institute of Chartered Accountants in Ireland. Mr. Hourican holds Post Graduate Diploma in Accounting from Dublin City University, Ireland in 1991 and BA in Economics and Sociology from National University of Ireland, Ireland in 1990.

CEO Compensation
  • John's compensation has increased whilst company is loss making.
  • John's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Bank of Cyprus Holdings management team in years:

4.6
Average Tenure
49
Average Age
  • The tenure for the Bank of Cyprus Holdings management team is about average.
Management Team

John Hourican

TITLE
Group CEO & Executive Director
COMPENSATION
€3M
AGE
49
TENURE
5.6 yrs

Christakis Patsalides

TITLE
Deputy CEO
COMPENSATION
€229K
AGE
57
TENURE
3.4 yrs

Eliza Livadiotou

TITLE
Finance Director
AGE
45
TENURE
3.2 yrs

Marios Skandalis

TITLE
Director of Compliance
AGE
48
TENURE
5.4 yrs

Solonas Matsias

TITLE
Director of Human Resources
AGE
54
TENURE
5.3 yrs

Aristos Stylianou

TITLE
Executive Chairman of Insurance Businesses
AGE
63
TENURE
3.1 yrs

Michalis Athanasiou

TITLE
Chief Risk Officer
AGE
48
TENURE
5.6 yrs

Nick Smith

TITLE
Head of Restructuring and Recoveries
AGE
44

Katia Santis

TITLE
Company Secretary
TENURE
4.6 yrs

Nick Fahy

TITLE
CEO of Bank of Cyprus UK & CEO of Bank of Cyprus Channel Islands
AGE
52
TENURE
3.4 yrs
Board of Directors Tenure

Average tenure and age of the Bank of Cyprus Holdings board of directors in years:

2.3
Average Tenure
59
Average Age
  • The average tenure for the Bank of Cyprus Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Takis Arapoglou

TITLE
Chairman
COMPENSATION
€7K
AGE
68
TENURE
0.1 yrs

John Hourican

TITLE
Group CEO & Executive Director
COMPENSATION
€3M
AGE
49
TENURE
2.9 yrs

Maksim Goldman

TITLE
Vice Chairman of the Board
COMPENSATION
€120K
AGE
48

Christakis Patsalides

TITLE
Deputy CEO
COMPENSATION
€229K
AGE
57
TENURE
4.9 yrs

Ioannis Zographakis

TITLE
Senior Independent Director
COMPENSATION
€135K
AGE
56
TENURE
0.3 yrs

Arne Berggren

TITLE
Independent Non-Executive Director
COMPENSATION
€115K
AGE
61
TENURE
2.7 yrs

Lyn Grobler

TITLE
Independent Non-Executive Director
COMPENSATION
€90K
AGE
55
TENURE
2.3 yrs

Michael Heger

TITLE
Independent Non-Executive Director
COMPENSATION
€110K
AGE
64
TENURE
2.7 yrs

Anat Bar-­Gera

TITLE
Independent Non-Executive Director
COMPENSATION
€85K
AGE
61
TENURE
1.7 yrs

Paula Hadjisotiriou

TITLE
Independent Non-Executive Director
COMPENSATION
€37K
AGE
62
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
27. Mar 19 Buy Josef Ackermann Individual 04. Mar 19 04. Mar 19 400,000 $1.55 $619,586
29. Nov 18 Sell Michael Spanos Individual 27. Nov 18 27. Nov 18 -61 $1.83 $-112
X
Management checks
We assess Bank of Cyprus Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Bank of Cyprus Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Bank of Cyprus Holdings Public Limited Company, through its subsidiaries, provides banking, financial, and insurance services to individuals, small and medium sized enterprises, and corporate customers. It offers current, savings, notice, and instant access accounts, as well as fixed term deposits; debit and credit cards; overdraft facilities; car, personal, student, and housing loans; life and general insurance products; and finance, factoring, investment banking, fund management, and private banking services. The company is also involved in property trading and development activities; asset management and brokerage business; land development and operation of a golf resort; management administration and safekeeping of UCITS units; administration of guarantees and holding of real estate properties; collection of the existing portfolio of receivables, including third party collections; and provision of auction, secretarial, and card processing transaction services. As of December 31, 2018, it operated through a network of 108 branches. The company was formerly known as Bank of Cyprus Public Company Ltd and changed its name to Bank of Cyprus Holdings Public Limited Company in January 2017. Bank of Cyprus Holdings Public Limited Company was founded in 1899 and is headquartered in Nicosia, Cyprus.

Details
Name: Bank of Cyprus Holdings Public Limited Company
BKCY.F
Exchange: OTCPK
Founded: 1899
€752,582,923
446,057,933
Website: http://www.bankofcyprus.com
Address: Bank of Cyprus Holdings Public Limited Company
51 Stassinos Street,
Ayia Paraskevi,
Nicosia,
2002,
Cyprus
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CSE BOCH Ordinary Shares Cyprus Stock Exchange CY EUR 19. Jan 2017
OTCPK BKCY.F Ordinary Shares Pink Sheets LLC US USD 19. Jan 2017
LSE BOCH Ordinary Shares London Stock Exchange GB EUR 19. Jan 2017
BATS-CHIXE BOCHL Ordinary Shares BATS 'Chi-X Europe' GB EUR 19. Jan 2017
Number of employees
Current staff
Staff numbers
4,156
Bank of Cyprus Holdings employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/25 00:55
End of day share price update: 2019/06/03 00:00
Last estimates confirmation: 2019/05/14
Last earnings filing: 2019/05/13
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.