Investor Presentaiton

-15 Notches to investment grade 5 0 -10 40 F-11 J-11 0-11 F-12 J-12 0-12 F-13 J-13 O-13 F-14 J-14 O-14 F-15 J-15 0-15 F-16 J-16 10 10 Fitch 5 BBB/Ba1/BBB/BBB (Stab./Pos/Stab./Stab.) by Fitch, Moody's, S&P's and DBRS 0-16 F-17 J-17 0-17 F-18 J-18 0-18 F-19 J-19 0-19 F-20 J-20 Moody's S&P's DBRS Gradual enhancement of investment grade status Credit rating history and current status Ratings' summary 1 0-20 F-21 Note: 1. Non-exclusive list, as indicated in publicly available opinions of the Credit Rating Agencies reports. Please see full reports for more detail. J-21 O-21 F-22 J-22 O-22 F-23 Rating strengths High income per capita, strong institutions and governance, strong regulatory quality • Fiscal policy space • Highly skilled labour force Favorable Government debt profile Concerns • • High levels of public and private debt Banking sector asset weakness Capital market access for banks Impact of crisis in Ukraine to Cyprus economy in the medium-term. Progress . Material reduction in the stock of NPEs and the strengthening of the banking sector Strong fiscal policy management Robust and resilient growth supporting also by NRRP Strong Government financing buffer 30 30

View entire presentation