Investor Presentaiton

Profitability Capital & balance Sheet Risk adjusted yield will rise as Legacy book reduces Non- Legacy Legacy Group 1H2020 1H2020 1H2020 • Interest Income on loans (€ mn) (pre FTP) 147 42 189 Loan credit losses (€ mn) (10) (77) (87) Interest Income net of loan credit 137 losses (€ mn) (35) 102 • Cost of Risk 0.23% 4.39% 1.39% Effective Yield Risk adjusted Yield¹ 3.31% 5.09% 3.59% 3.07% (4.23%) 1.93% Group Financial Results for the six months ended 30 June 2020 • Non-Legacy Book is expected to grow and to increasingly drive Group results Legacy book revenues predominantly driven by loan credit losses unwinding (but offset via loan credit losses) Interest on Net NPEs not received in cash, fully provided (€18 mn in 2Q2020) As Legacy book reduces: Group risk adjusted yield expected to rise Group Risk intensity expected to fall supporting CET1 ratio build Average Net Loans (€ mn) 8,930 1,661 10,591 . RWA Intensity² 48% 106% 56% Global corporate, Corporate RRD IB, W&M (1) Interest Income on loans net of allowance for expected loan credit losses/ Average Net Loans (2) Risk Weighted Assets over Total Assets Bank of Cyprus Holdings SME and Retail Banking Insurance and H/O REMU Overseas non core 59

View entire presentation