Investor Presentaiton

Key Takeaways Leading financial institution in an economy that is on the road to economic recovery CET1 ratio at 14,9% (transitional basis); capital position shields the Group from further shocks and helps in regaining trust of counterparties Post 30 June 2015 the Bank has reached an agreement for the sale of the majority of the Russian operations; The sale allows the Group to de-risk its balance sheet even further and eliminates future potential risks, to release risk weighted assets and therefore improve its CET1 ratio by approx. 33 basis points. Stabilising deposit base; Loans-to-deposits ratio improved to 136%. ELA reduced by €6,0 bn to €5,4 bn through deleveraging actions, capital proceeds and customer inflows. Improved funding structure with customer deposits at 54% of total assets compared to 51% at 31 March 2015 RRD efforts are yielding results, with loan quality showing further signs of stabilisation; 90+ DPD reduced to €12,6 bn, with 90+ DPD provisioning coverage improving to 43% The adoption of the foreclosure legislation and insolvency framework coupled with the improved fundamentals of the Cypriot economy is a significant step in enabling the Bank to tackle its delinquent loans and to improve its asset quality. Recurring profitability stabilising, with profit before provisions at 169 mn and profit after tax at 31 mn for 2Q2015 Bank of Cyprus KOINO WKYMPιW 29

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