Investor Presentaiton

Net Interest Income and Net Interest Margin Net Interest Income (€ mn) and Net Interest Margin (bps) Interest income from Laiki Recapitalisation bond Net interest income (other) NIM FY2014: 394 423 390 1H2015: 388 394 382 381 379 264 250 232 225 225 44 43 26 26 25 214 22 207 220 206 199 200 192 1Q2014 2Q2014 3Q2014 4Q2014 1Q2015 Evolution of Yield of Loans, Cost of Deposits and Customer Spread in Cyprus operations* ■1Q2015 2Q2015 1H2015: 5,42% 2Q2015 5,73% 1H2015: 4,13% 5,11% 1H2015: 1,29% 4,34% 3,92% 1,39% 1,19% Yield on Loans Cost of Deposits Customer spread • 2Q2015 Group Net Interest Income (NII) at 214 mn compared to 225 mn for 1Q2015, reflecting the reduction in lending rates in March 2015 and the partial repayment of a bond by the Republic of Cyprus in June 2015; Group Net Interest Margin (NIM) at 3,79% for 2Q2015, compared to 3,94% for 1Q2015 NII and NIM continue to reflect market conditions in Cyprus and the composition of the Group's funding, with Eurosystem funding accounting for 25% of assets at 30 June 2015. Going forward, the Nll will be negatively affected by the early repayment of a bond by the Republic of Cyprus in June 2015, primarily driven by the upfront recognition of the accounting gain • Customer spread in Cyprus decreased to 3,92% in 2Q2015 compared to 4,34% in 1Q2015 reflecting the impact of the reduction in lending and deposit rates in March 2015. * Includes all currencies Bank of Cyprus KOINO WKYNPIW 9

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