Performance and Capital Position Overview slide image

Performance and Capital Position Overview

Maintaining NIM and Customer Spread in a Competitive Market Net Interest Income and Net Interest Margin Interest income from Republic of Cyprus bond (€ mn) Net interest income (€ mn) NIM (bps) - NIM (excluding Rep. of Cyprus bond) (bps) • € bn Interest bearing assets 23,9 22,8 21,8 20,8 20,1 394 379 370 369 363 350 355 355 340 227 212 205 198 185 25 22 • Net Interest Income (NII) at €185 mn, compared to €198 mn for 4Q2015; The decrease is primarily due to lower loan volumes, the deleveraging actions and the full repayment of a high yielding bond by the Republic of Cyprus in December 2015 Net Interest Margin (NIM) remains healthy at 3,63%; Adjusting for the interest income relating to the Republic of Cyprus bond, NIM has been increasing 202 190 196 191 185 1Q2015 2Q2015 3Q2015 4Q2015 1Q2016 Yield on Loans and Cost of Deposits in Cyprus¹ (bps) Yield on Loans 573 Cost of Deposits Customer spread 537 536 527 530 434 418 432 427 435 139 119 104 100 95 1Q2015 2Q2015 3Q2015 4Q2015 1Q2016 (1) Includes all currencies Interest bearing assets decreased by 4% to €20,1 bn, • • Customer spread in Cyprus maintained at 435 bps despite competitive pressures • €223 mn new loans were granted during the first four months of 2016; New loan pipeline is promising (2) Interest bearing assets include placements with banks and central banks, reverse repurchase agreements and net loans and advances to customers and investments excluding equity and mutual funds. Bank of Cyprus KOINO KYMPI 16
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