Performance and Capital Position Overview slide image

Performance and Capital Position Overview

Macroeconomic Overview: Cyprus economy surpassing expectations Economic growth gaining momentum GDP Growth* (yoy) 2010 2011 2012 2013 2014 2015 2016E 2017E I 2,2% 2,5% 1,3% 1,6% 0,3% (2,4%) (2,7%) (6,0%) (3,4%) (3,9%) (8,7%) Real GDP growth - Actual Initial Projections (EC) 2Q2011 3Q2011 4Q2011 1,2% -0,4% -0,8% 1Q2012 -1,2% 2Q2012 -2,4% 3Q2012 -2,3% 4Q2012 -3,7% 1Q2013 -5,3% 2Q2013 -6,0% 3Q2013 -5,5% 4Q2013 -4,7% 1Q2014 2Q2014 3Q2014 -3,2% -1,8% -2,1% 4Q2014 -1,8% 1Q2015 0,1% 2Q2015 1,2% 3Q2015 4Q2015 2,3% 2,8% 1Q2016¹ 2,7% Improved rating and credit outlook as demonstrated by benchmark sovereign bond issue Cyprus 2022 (issued 04/2015) Cyprus 2025 (issued 11/2015) -Cyprus 2019 (issued 06/2014) 0,18 0,16 0,14 0,12 0,1 0,08 0,06 0,04 0,02 0 при - Cyprus 2020 (issued 02/2010) Jan-10 May-10 Sep-10 Jan-11 May-11 Sep-11 Jan-12 May-12 Sep-12 Jan-13 May-13 Sep-13 Jan-14 May-14 Sep-14 Jan-15 May-15 Sep-15 Jan-16 May-16 (1) Based on the Statistical Service of the Republic of Cyprus ============================= SOURCE: Statistical Service of Republic of Cyprus, Bloomberg, IMF and company reports ADING Bank of Cyprus 24
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