PitchSend

Performance and Capital Position Overview

Macroeconomic Overview - Key economic sectors performing well Construction growth % qoq Tourist Arrivals and Receipts: yoy % changes 20,0% 10,0% 0,0% -10,0% -20,0% -30,0% -40,0% Q12010 Q22010 Q32010 Construction growth % qoq Q42010 Q12011 Q22011 Q32011 Q42011 Q12012 Q22012 Q32012 Q42012 Q12013 Q22013 Q32013 Q42013 Q12014 Q22014 Q32014 Q42014 Q12015 Q22015 Q32015 Q42015 Accumulative tourist arrivals per year in 000's 3000 2500 2000 3,8% 1,5% ■ Arrivals Receipts 14,4% 10,1% 8,7% 8,0% 3,0% 32,4% 12,5% 8,9% 1,5% 5,0% -2,4% -2,8% 2010 2011 2012 2013 2014 2015 2016 Jan- Mar Revenues from Tourism as % of GDP 12% 12,2% 11,5% 11,6% 1500 9,9% 10% 1000 9,1% 500 8,1% 8,1% 8% 0 2009 2010 2011 2012 2013 2014 2015 Jan Feb Mar Apr May Jun July Aug Sept Oct Nov Dec Tourism as a % of GDP -2007 2012 2008 2013 2009 2010 2011 2014 2015 SOURCES: Statistical Service of Republic of Cyprus, European Commission, Bloomberg, IMF and company reports, Calculations by BOC Economic Research Bank of Cyprus 26 DINO

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