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Investor Presentaiton

Income Statement Review 1H2015 1H20143 yoy % 2Q2015 1Q2015 qoq % --- Net interest income Other income Total income Total expenses Profit before provisions and impairments¹ Provisions for impairment of customer loans -14% 214 225 -5% 439 514 94 115 -19% 47 47 533 629 -15% 261 272 -4% (194) (208) -7% (92) (102) -10% 339 421 -19% 169 170 (457) (289) 58% (309) (148) 109% Gains on derecognition and changes in expected cash flows on acquired loans 230 11 187 43 335% Impairments of other financial and non financial assets (31) (34) -8% (30) (1) Share of profit from associates. 3 -16% ■ Profit before tax, restructuring costs and discontinued operations 84 113 -26% 18 66 -72% Tax (11) 132% (9) -69% Loss attributable to non-controlling interests (0) (0) (0) (0) Profit after tax from continuing operations² 73 108 -32% 16 57 -72% Restructuring costs (21) (21) 3% (14) (7) 61% Loss from disposal group held for sale/discontinued operations (33) (66) -51% (12) (21) -43% 41 60 -32% 41 Net gain on disposal of non-core assets Profit after tax 60 81 -26% 31 29 11% Net interest margin 3,88% 4,07% 3,79% 3,94% Cost-to-Income ratio 36% 33% 35% 38% 1. Profit before provisions and impairments, gains on derecognition and changes on expected cash flows on acquired loans, restructuring costs and discontinued operations. 2. Profit after tax and before restructuring costs, discontinued operations and net profit on disposal of non-core assets 3. The 1H2015 is not comparable to the 1H2014 given the significant deleveraging completed since then, including, among others, the partial repayment of the sovereign bond held by the Bank, by the Republic of Cyprus on 1 July 2014. Bank of Cyprus KOINO WKYNPIW 8
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