Investor Presentaiton

4.8% HICP index (yoy% change) -14.2% 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 Resilient Cypriot economy delivering strong growth notwithstanding headwinds GDP grew by 4.5% in 4Q2022 (yearly average at 5.7%) 3Q21 4Q21 Inflation peaked in 3Q2022; starting to reduce Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 1Q22 2Q22 3Q22 4Q22 Quarterly Real GDP Strong tourism performance in 2022 despite challenges Tourism arrivals (yoy % change) 12.9% 3,977 5.3% 4.5% 899 2.2% -2.8% -10.6% Cyprus Euro area 14.3% 3,201 60 -20% 1.9% GDP expected to grow by c.3.0% in 2023, well above eurozone average 1,937 Tourism revenues FY2022: 91% of 2019 levels 3,078 3,141 Source: Cystat, Eurostat 1) 2) Projections in accordance with Ministry of Finance According to Winter 2023 Forecasts of European Commission Jul-22 Aug-22 Sep-22 Oct-22 10.6% 10.6% Nov-22 Dec-22 Jan-23 Feb-23 2019 2021 Russian, Belarus & Ukraine 2022 9.2% 8.1 8.5% 7.6 7.4% 8.9% 8.6% 7.6% 6.7% 5.0% 6.2% Cyprus Euro area 2022 average inflation rate at 8.1% (vs 2.5% in 2021) 2023 average inflation rate expected to drop to c.4%2 7.5 8.0 6.8 6.7 6.8 7.1 6.7 6.4 6.6 6.7 2022 unemployment rate expected at 6.7%1 (vs 7.5% in 2021) Unemployment rate at 6.8% in 3Q2022 Quarterly (%) (seasonally adjusted) 2Q2019 3Q2019 4Q2019 1Q2021 2Q2021 3Q2021 4Q2021 1Q2022 2Q2022 3Q2022 Cyprus Euro area 11

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