Investor Presentaiton

A consolidated, capitalised and liquid banking system The banking system has refocused its operations and renewed its corporate governance. The regulatory framework has been reformed and modernised. Decisive actions have been undertaken for the tackling of NPES. Banking sector shrinks by half to 4x the GDP and reaches EU average International investors obtain majority holding of Hellenic Bank and Bank of Cyprus • Capital controls lifted Successful stress test results • ECB assumes supervision of systemic banks • • Legislation on Foreclosures, Insolvency and Sale of Loans enter into force Emergency Liquidity Assistance repaid Deposits on upward path • Decline in interest rates • Provision of new credit increases • Non performing exposures mark first reduction Bank of Cyprus listed in London Stock Exchange and returns to bond capital markets . Hellenic Bank and Bank of Cyprus outsource management of NPEs and real estate portfolios to independent servicing companies • Sales of non-performing exposures Partial sale of the Cyprus Cooperative Bank to Hellenic Bank; state owned AMC for residual entity Banking sector at 3x the GDP Enhancement of laws on foreclosure, insolvency and sale of loans; Introduction of Securitisation law • Introduction of scheme for NPE burden sharing among borrowers state, banks and 2013-2014 2015-2016 2017-2019 23 23

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