Investor Presentaiton

Strong economic recovery continued in 4Q2021; Conservative macro assumptions underpin the Business Plan Strong economic recovery expected to continue in 2022 Annual Real GDP yoy % change¹ 14.4% Business Plan GDP assumptions Annual Real GDP yoy % change¹ 5.2% 13.4% 5.6% 6.0% 4.0% 3.2% 3.0% 2.9% -2.19 3.9% 4.6% -4.3% -4.4% -1.1% 2020 2021E 2022F 2023F 2024F 2025F 4Q2020 1Q2021 2Q2021 Cyprus 3Q2021 Euro Area 4Q2021 -5.2% Unemployment rate decreased to 7.2% in 3Q2021 Business Plan Unemployment assumptions 8.6% 8.3% 8.3% 8.3% 7.8% 7.6% 7.6% 7.4% 7.5% 6.5% 6.5% 8.2% 8.3% 6.3% 8.1% 8.0% 5.7% 7.3% 7.2% 6.7% 1Q2020 2Q2020 3Q2020 Cyprus 4Q2020 Euro Area 1Q2021 2Q2021 3Q2021 SOURCE: Statistical Service of Republic of Cyprus; Economics Research Centre of University of Cyprus, BOC Economic Research (projections and calculations) 2020 2021E 2022F 2023F 2024F 2025F 51

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