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Bank of Cyprus Credit Ratings and Financial Position

1) €22 mn net organic NPE reduction in 1Q2023 Net organic outflows (€ mn) -96 -74 -133 -57 -22 Inflows (€ mn) 20 20 New inflows Redefaults 7 13 Unlikely to pay. 19 5 13 17 7 5 10 10 .... 1Q2022 2Q2022 3Q2022 4Q2022 1Q2023 Outflows (€ mn) Curing of restructuring 13 -11 -12 -13 -12 DFAS & DFES -40 -10 -61 -32 -14 Write-offs -75 -70 -15 1 Other -12 -93 -103 -80 -550 Helix 3 Sinope -12 Sales of NPES -165 Other includes interest, cash collections and changes in balances -620 €32 mn organic NPE outflows in 1Q2023, leading to €22 mn net organic NPE reduction 58

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