Investor Presentaiton

Macroeconomic overview Tourist Arrivals and Receipts: annual % changes 25% 14,4% Arrivals Receipts 20% 15% 10,1% 8,7% 8,0% 10% 6,5% 5% 3,8% 3,2% 0% 1,5% 1,5% -5% -10% -1,0% -15% -2,6% 2010 2011 2012 2013 -2,8% 2014 2015* ytd Unemployment will ease gradually 15,9% 16,2% 15,8% 14,8% 11,9% 0,5% 7,9% 0,2% 1,3% -1,8% -4,2% -5,2% 2011 2012 2013 2014 2015** 2016** Unemployment rate (% of labour force) Employment growth % Figures for 2015 arrivals are up to July 2015 and receipts are up to May 2015 ** Figures for 2015 and 2016 are based on European Commission report SOURCE: Central Bank of Cyprus, Statistical Service of Republic of Cyprus, European Commission, IMF and company reports. 1Q2007 2Q2007 3Q2007 4Q2007 1Q2008 2Q2008 3Q2008 Evolution of Residential Property Price Index (RPPI) (yoy % change) 4Q2008 1Q2009 2Q2009 3Q2009 4Q2009 1Q2010 2Q2010 3Q2010 4Q2010 1Q2011 2Q2011 3Q2011 Residential Property Price Index 4Q2011 1Q2012 2Q2012 3Q2012 4Q2012 1Q2013 2Q2013 3Q2013 4Q2013 1Q2014 2Q2014 3Q2014 • Tourist arrivals for January to July 2015 reached 1,5 mn, recording an increase of 6,5% compared to similar period the year before, due to increased arrivals from UK and other northern European countries compensating for lower arrivals from Russia. During 1Q2015, the RPPI recorded an annual decrease of 7%. RPPI declined by 43% since its peak in 1Q2008 Unemployment rate projections for 2015 expected to have a small decrease to 15,8% and is expected to ease gradually. Bank of Cyprus 6 KOINO WKYNPIW 4Q2014 1Q2015 -43% since 1Q2008

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