Investor Presentaiton

2 Revenue Growth: NII drivers and challenges NII challenges • Reduction of Legacy book Performing book¹ to grow by ~10% Net loans Group Financial Results for the nine months ended 30 September 2020 - Higher-yielding, higher-risk legacy loans are reducing € bn - Legacy book interest fully provided 12.0 10.7 Legacy 3.4 10.0 1.8 ~+10% 1.1 Plan of action - Grow performing book by ~10% Grow international and shipping lending Excess liquidity built in a low interest rate environment - Significant excess liquidity of ~€4 bn Challenging interest rate outlook continues to put pressure on the effective yield of liquids and performing book Plan of action Performing 8.7 8.9 8.9 Dec 2018 Dec 2019 Sep 1 2020 Medium-term target Efforts to improve credit spreads - Price away or price correctly deposits through liquidity fees - Efforts to improve credit spreads . MREL compliance Plan of action - Funding cost expected to reduce as we successfully complete de-risking Bank of Cyprus Holdings 9M2020 (annualized) Medium term Revenues/Total Assets ~260 bps > ~280bps ☐ 1) Pro forma for Helix 2: calculations on pro forma basis assume completion of the transaction 37

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