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Performance and Capital Position Overview

Cost of risk¹ Cost of Risk Cyprus Cost of Risk Group Improved Provisioning Coverage Levels Accumulated provisions Accumulated provisions (€ bn) Provisions % Gross loans 4,3% 24,1% 21,6% 22,2% 22,5% 23,2% 21,6% 3,6% 19,3% 20,0% 4,0% 2,1% 2,2% 2,1% 2,4% 1,7% 1,5% 1,6% (1) (2) (3) 1,1% 4,9 4,9 5,1 5,4 5,4 4,9 5,4 5,1 Jun Sep Dec Mar FY2014 1Q2015 1H2015 9M2015 FY2015 1Q2016 2014 2014 2014 2015 Jun Sep 2015 2015 2015 Dec Mar 2016 Provisioning coverage ratios 90+ DPD provision coverage -Adjusted NPEs provision coverage NPES provision coverage 3 49% 48% 42% 43% 3 41% 41% 45% 45% 39% 38% 39% 38% 38% 36% 35% 34% 35% 33% 34% Jun Sep Dec Mar Jun Sep Dec 2014 2014 2014 2015 2015 2015 2015 Mar 2016 • • Accumulated provisions of €5,1 bn, accounting for 23,2% of gross loans at 31 March 2016 90+ DPD provisioning coverage ratio improved to 49% at 31 March 2016; The 90+ DPD provisioning coverage ratio calculated in line with local peers, with reference to the contractual balances of customers, totalled 61% 2 NPEs provisioning coverage ratio at 38% at 31 March 2016. Adjusting NPEs to remove those with forbearance measures, which have no impairments & no arrears, the provision coverage would be 45% That is Provisions for impairment of customer loans and gains/(losses) on derecognition of loans and changes in expected cash flows This ratio is calculated by adjusting both the provisions stock and the customer balances to include any unrecognised interest income due on contractual balances. Adjusted NPEs provision coverage excludes NPEs with forbearance measures, no impairments and no arrears. DINO Bank of Cyprus 5

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