Investor Presentaiton

Cost of risk' increased to 97 bps for 3Q2020 Mainly impact of 1.25% deterioration of macro- 1.12% economic outlook in 1Q2020 1.00% 0.45% 0.80% FY2018 FY2019 9M2020 bps 200 76 97 200 152 88 30 107 Charge (bps) 58 17 53 33 6 40 58 51 14: 1Q2020 2Q2020 Reversal 3Q2020 -10 (bps) -76 Group Financial Results for the nine months ended 30 September 2020 Base Scenario GDP Unemployment rate 2Q2020 3Q2020 2Q2020 3Q2020 2020 -6.3% -6.0% 9.2% 8.2% 2021 5.6% 4.0% 8.0% 7.3% Cost of risk of 125 bps for 9M2020, of which 45 bps (€43 mn) reflect the initial impact of IFRS 9 Forward Looking Information (FLI) driven by deterioration of macroeconomic outlook recognised in 9M2020 Cost of risk of 97 bps for 3Q2020, of which 17 bps (€5 mn) COVID-19 related • Interest on net NPEs not received in cash, fully provided (€10 mn in 3Q2020) COVID-19 Interest on net NPEs not received in cash New lending Stage 3 Stage 1 & 2 Loan credit losses on customer loans including off-balance sheet exposures, net of gains/(losses) on derecognition of loans and advances to customers and change in expected cash flows over average gross loans 1) Bank of Cyprus Holdings 25

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