Group Financial Results

Group Financial Results for the year ended 31 December 2020 Business portfolio well diversified, with high quality collateral Business gross loans (excluding Legacy) 1 Breakdown, by Covid-19 impact Payment deferrals that expired on 31 December 2020 • • €5.11 bn €3.79 bn Overdrafts4 0.26 High Impact: (22%) Tourism (Hotels & Catering) 22% Eligible NPEs that participated in moratorium 0.17 Medium Impact: (24%) Trade • Manufacturing Moderate Impact: (29%) • Construction Transportation and 24% Performing loans with instalment due by 19 Mar 2021 1.99 29% • 98% of expired performing payment deferrals with an instalment due by 19 Mar 2021 resumed payments • Careful monitoring of arrears in 2021 · High quality origination via prudent underwriting standards • Strong assessment of repayment capability 59% of business performing loans under payment deferrals had an instalment due by 19 Mar 2021 98% of these, resumed payments • • Strict origination standards Effective foreclosure law in place, following the amendments in recent years • 99% of new exposures² since 2016 were performing at the start of the moratorium • 90% of portfolio secured of which 80% with property • of which 20% other type of collateral storage Performing loans • Low: (25%) • Real Estate 25% with instalment due after 19 Mar 2021 1.37 • Education • Health • Low LTV³ business portfolio; 73% of the portfolio with LTV³<80% LTV3 High Medium Moderate Low Total < 80% 92% 57% 64% 83% 73% 19 Mar 2021 723 2) 1) Gross loans as at 31 December 2020 of Corporate (incl. IB and W&M and Global Corporate), SME, Retail and H/O Facilities/limits approved >80% Total 8% 43% 36% 17% 27% 100% 100% 100% 100% 100% 3) Loan to Value (LTV) is calculated as the Gross IFRS Balance to the indexed market value of the property. Under Pillar 3 disclosures LTV is calculated as the Gross IFRS Balance to the indexed market value of collateral. Collateral takes into consideration the mortgage amount registered in the land registry plus legal interest from registration date to the reference date 4) Overdrafts and current accounts have no instalment due Bank of Cyprus Holdings 13

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