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Investor Presentaiton

Market leading Bank, driving incremental ROTE Strong Macro • Small, open economy outgrowing Eurozone • Healthy recovery in tourism post COVID-19 • Resilient to energy stress given no gas imports from Russia • • • اتا Sustainable Business Model One of the most liquid banks in Eurozone with strong NII benefit from rising interest rates and limited funding pressure Diversified model with meaningful capital light non-interest income contribution Lean operating model with sub 50% C/I ratio¹ Why Bank of Cyprus . Legacy asset quality issues firmly behind (NPEs at 4%) • On track to achieve ROTE4>13% in 2023 • 41% loan market share Market Leader • Leader in insurance, card processing and payment solutions business • Liquid and consolidated banking sector; total market share of c.70% for two main players Shareholder Returns • Strong CET1 of 15.4%³ as at Dec 2022 • Strong capital generation (>13% ROTE for 2023, following 11.3% ROTE (recurring) in 2022) Intention to commence dividend distributions from 2023 onwards² 72 1) Excluding special levies on deposits and other levies/contributions 3) 2) Subject to regulatory approval and market conditions 4) Allowing for IFRS 9 and temporary treatment for certain FVOCI instruments' transitional arrangements ROTE: calculated as Profit after Tax divided by average Shareholders' equity minus Intangible assets 10 10
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