Investor Presentaiton

Macroeconomic overview Construction growth % qoq 5,0% 0,0% -5,0% -10,0% -15,0% -20,0% -25,0% -30,0% -35,0% -40,0% 3000 Indicators of private consumption (annual percentage change) 70,0% Construction growth % qoq 60,0% 50,0% 40,0% 30,0% 20,0% 10,0% 0,0% -10,0% 1Q 2010 2Q2010 3Q2010 4Q2010 1Q2012 4Q2011 1Q2011 2Q2011 3Q2011 2Q2012 3Q2012 4Q2012 1Q2013 2Q2013 3Q2013 4Q2013 Accumulative tourist arrivals per year in 000's 2500 2000 1Q2014 2Q2014 3Q2014 4Q2014 1Q2015 2Q2015 3Q2015 -20,0% 4Q2010 1Q2011 2Q2011 3Q 2011 4Q2011 1Q2012 2Q2012 3Q2012 4Q2012 1Q2013 2Q2013 3Q2013 4Q2013 1Q2014 2Q2014 3Q 2014 Real Private Consumption % ch. y-o-y Revenues from Tourism as % of GDP 12% 4Q2014 1Q2015 2Q2015 3Q2015 Share in total GDP 12,1% 11,5% 11,6% 1500 9,9% 10% 1000 9,1% 500 8,1% 8,1% 8% 0 2009 2010 2011 2012 Jan Feb Mar Apr May Jun July Aug Sept Oct Nov Dec Tourism as a % of GDP 2007 2012 2008 2013 2009 2014 2010 2015E 2011 * 2015 tourist revenue projections based on BOC estimates SOURCE: Statistical Service of Republic of Cyprus, European Commission, Bloomberg, IMF and company reports, Calculations by BOC Economic Research 2013 2014 2015E Bank of Cyprus 52 KOINO WKYNРIW

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