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Investor Presentaiton

Loan impairments main driver of profit/loss evolution Main banks record profits in Q2-2019 • Volatile profitability due to impairments and one-off events relating to the sale of Cyprus Cooperative Bank and legislative changes to convert Deferred Tax Asset to Deferred Tax Credits. Main banks record profits in Q2-2019 as de-risking of balance sheets continues. • Interest income in decline along net interest margin. Fees and commissions form the largest component of non-interest income. Income structure, (%) Net profit, EUR mn 147 107 -473 -464 2014 2015 -214 2016 -721 2017 2018 Q1-2019 Net profit/loss main components, EUR mn 21,6 18,8 24,7 29,3 32,8 78,4 81,2 75,3 70,7 67,2 2014 2015 2016 Net interest income Source: Central Bank of Cyprus 2017 Net non-interest income 1748 1619 1400 1381 1394 10491128 951 One-off events 586605 2018 2014 2015 2016 2017 2018 Operating Profit Impairment Negative Goodwill 98 98 Q1-2019 Tax Income 28
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