Investor Presentaiton

Capital Position Evolution for CET1 ratio during 4Q2015 15,6% 0,6% (2,5%) 14,0% 0,2% (0,9%) 0,1% CET1 ratio Profit before Provisions 30.09.15 provisions RWAs Change Other CET1 ratio DTA (transitional) 31.12.15 (transitional) 13,1% CET1 ratio 31.12.15 (fully loaded) ■31.12.14 ■31.12.15 • CET1 ratio (transitional basis) totalled 14,0% at 31 December 2015, compared to 15,6% at 30 September 2015. Adjusting for DTA, the Fully Loaded CET1 ratio totalled 13,1% CET1 ratio remains higher than the minimum required ratio of 11,75% The reduction in the CET1 ratio reflects the losses incurred during 4Q2015 due to elevated provisions for impairment of loans following the assumption changes in the Bank's provisioning methodology in relation to the on-going regulatory dialogue with the ECB regarding the SREP. These changes relate to extending significantly the recovery periods and applying additional realisation discounts on the most stressed non-performing portfolios, with both changes being a function of the Bank's strategy for recovering delinquent exposures The changes significantly bridged the regulatory dialogue with the ECB and boosted the 90+ DPD provisioning coverage to 48% Capital Adequacy Ratios 31.03.14 ■31.03.15 ■30.06.14 ■30.09.14 ■30.06.15 ■ 30.09.15 15,4% 15,6% 15,6% 15,7% 14,9% 15,0% 14,0%13,9% 14,0% 14,2%14,1% 14,1% 11,3% 10,6% 11,5% 10,8% CET 1 ratio (transitional) Total capital ratio (transitional) DINO Bank of Cyprus 8

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