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Investor Presentaiton

Key Highlights for the year ended 31 December 2022 Cypriot economy outperforms Eurozone • Economic growth of 4.4%¹ in 4Q2022, and expected growth of c.3.0%¹ for 2023 well above the eurozone average Record new lending of €2.1 bn up 17% yoy • Net performing loan book of €9.6 bn, up 3% yoy Strong growth of underlying profitability • NII of €370 mn up 25% yoy, of which €136 mn in 4Q2022, up 53% qo . • . Total operating expenses² down 1% yoy; cost to income ratio² at 49% down 11 p.p. yoy Profit after tax before non-recurring items of €188 mn, up 107% yoy reflecting positive gearing to rising interest rates Profit after tax of €80 mn for 4Q2022 vs loss of €59 mn for 3Q2022 including one-off Voluntary Staff Exit Plan (VEP) charge of €101 mn Profit after tax of €71 mn for FY2022 vs €30 mn for FY2021 Recurring ROTE³ of 11.3% for FY2022 and 19.1% for 4Q2022 Robust capital and liquidity . CET1 ratio of 15.4% and Total Capital ratio of 20.6%4 Deposits at €19.0 bn up 8% yoy and broadly flat qoq Strong liquidity position with €7.6 bn 5 placed at the ECB; well positioned to benefit from further interest rate increases NPE ratio at 4.0% • NPE ratio at 4.0% (1.3% net) down 8.4 p.p. yoy Coverage at 69%; cost of risk at 44 bps . €0.6 bn NPE sale (Helix 3) completed in November 2022 Strong fundamentals with performing loan book better positioned to face external shocks Source: Ministry of Finance Excluding special levy on deposits and other levies/contributions Recurring ROTE is calculated as Profit after Tax and before non-recurring items divided by (average Shareholders' equity minus Intangible assets) 123 1. 2. 3. 456 4. 5. Excluding TLTRO III of €2.0 bn 6. Calculated as NPEs net of provisions over net loans Allowing for IFRS 9 and temporary treatment for certain FVOCI instruments transitional arrangements 2
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