Investor Presentaiton

... with consequences for Profit and Loss metrics Smaller yet safer loan book resulting in lower but higher quality income Net loans Group Financial Results for the nine months ended 30 September 2020 Total Income € bn 14.7 € mn 717 .651 Legacy 5.9 10.7 1.8 10.0 -32% > -41% 425 Performing 8.8 8.9 8.9 Sep 2016 Dec Sep 9M2016 FY2019 9M2020 1 2019 2020 2 L/D ratio 141% • Restored funding position resulting in significant excess liquidity Liquids % Total assets 36% 34% 64% 61% -80p.p. > 15% Dec 2014 Dec Sep 2019 2020 2 Sep Dec Sep 2016 2019 2020 • Total operating expenses Cost reduction smaller than revenue reduction leading to increased C/I ratio € mn 284 289 249 -12% 171 167 145 113 122 104 9M2016 9M2019 9M2020 Staff expenses Other opex 1) Excluding BOC UK which was disposed in 2018 2) 3) Pro forma for Helix 2: calculations on pro forma basis assume completion of the transaction Excluding special levy and contributions to SRF and DGF Bank of Cyprus Holdings +21 p.p. 3 C/I ratio 58% 59% 40% +19p.p. > 9M2016 9M2019 9M2020 33

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