Investor Presentaiton

Asset Quality Restructuring Activity by quarter (€ bn) 0,64 Corporate SMEs Retail Total restructurings --Average restructurings 1,35 FY2014: €1,73 bn FY2015: €3,33 bn 0,69 0,73 0,56 0,42 0,44- 0,23 0,63 0,82 0,44 0,38 0,27 0,32 0,11 0,08 0,09 0,04 0,11 0,17 0,20 0,24 0,29 0,33 0,34 0,06 0,09 0,07 0,07 0,15 0,09 0,19 0,11 1Q2014 2Q2014 3Q2014 4Q2014 1Q2015 2Q2015 3Q2015 4Q2015 Performance of restructured loans (post-31 December 2013, by quarter) at 31 December 20151 79% 78% 79% 73% ■1Q2014 ■2Q2014 ■1Q2015 ■2Q2015 ■ 3Q2014 ■4Q2014 ■3Q2015 --- 73% 73% 64% 5% No arrears Average -.12% Total restructurings of €3,3 bn for FY2015; Increased restructuring activity across all lines in 4Q2015 (about 41% of FY2015 restructurings completed in 4Q2015). Restructuring of corporate loans accounted for 49% of total FY2015 restructurings Going forward, progress is expected to materialise in the corporate portfolio as well as in the SME and Retail portfolio, whilst by utilising the foreclosure legislation and insolvency framework the recoverability of older and more complex cases is expected to improve At 31 December 2015, on average about 73% of loans restructured post 31 December 2013 (restructurings performed in 4Q2015 were excluded) for Cyprus operations have no arrears, while about 12% of such restructured loans were in arrears more than 90 days Bank of Cyprus DINO 16% 26% 20% 14% 13% 2% 12% 9% 4% 5% 7% 7% 3% 4% 4% 6% 5% % 6% 5% 4% 1-30 dpd 31-90 dpd Over 90 dpd (1) The performance of loans restructured during 4Q2015 is not presented in this graph as it is too early to assess it. 16

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