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Our Growth Strategy

The BOC Group's performance is highly correlated to the Cypriot economy. Cyprus operations accounted for 89% of Group gross loans and 89% of Group customer deposits as at 30 June 2018. The country's improving economic conditions, should have direct benefits for the Bank's profitability.

Growth in new lending, is focused on the consumer, SME and corporate sectors. Growth in new lending in Cyprus is focused on selected industries that are more in line with the Bank's target risk profile, such as tourism, trade, professional services, information/communication technologies, energy, education and green projects.

The Bank is improving its risk profile by reducing its non-performing exposures either organically or through a sale, by disposing of non-core assets, while enhancing its liquidity and capital positions as well as focusing on diversifying its income streams by optimising fee income from international transaction services, wealth management and insurance.

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