Investor Presentaiton

Balance Sheet* Deleverage - Shrinking to Strength Jun Dec Mar Jun Sep Dec Change Since € mn 2013 2013 2014 2014 2014 2014 Jun 2013 Cash & bank placements 3.012 2.530 2.105 1.973 2.417 2.908 -104 Investments 3.413 3.433 3.475 3.538 2.578 2.541 -872 Net Loans 23.769 21.764 21.234 20.063 19.794 18.632 -5.137 Net loans reduction driven by disposal of non-core assets and the ongoing deleveraging Other assets 2.762 Total assets 2.622 2.564 2.984 2.694 32.956 30.349 29.378 28.558 27.483 2.708 -54 26.789 -6.167 Customer deposits 16.970 14.971 14.066 13.803 13.330 ECB funding - 1.400 1.400 1.400 920 880 13.169 -3.801 880 Deposit reduction less than reduction in net loans ELA 11.107 9.556 9.506 8.785 7.684 7.404 -3.703 Overall ELA reduction from peak about €4,5 bn Interbank funding 983 790 753 802 707 772 -211 Other liabilities 976 895 894 954 1.057 1.083 107 Total equity 2.920 2.737 2.759 2.814 3.785 3.481 561 Total liab. & equity 32.956 30.349 29.378 28.558 27.483 26.789 -6.167 Balance sheet -1.048 -971 -820 -1.075 -694 deleverage qoq CET1 ratio n/a 10,4% 10,6% 11,3% 15,4% 14,0% (transitional basis) Leverage ratio 11,3x 11,1x 10,6x 10,1x 7,3x 7,7x i (Assets/Equity) Consolidated Balance Sheet - ignoring classification of disposal groups as Held for Sale Steady reduction of total assets CET1 ratio and Leverage ratio strengthened by Share Capital Increase and deleverage Bank of Cyprus KOINO WKYNРIW 16

View entire presentation