Investor Presentaiton

Sharp reduction in NPEs during 2018 • Reduction by 50% in NPES over 2018 due to sale by Bank of Cyprus (Project "Helix") and the Cooperative Central Bank carve-out. • Remaining reduction attributed to (i) cash repayments, (ii) successful restructurings reclassified as performing facilities, (iii) write-offs as well as (iv) settlement of debt through swaps of immovable property with the ultimate aim the property sale. Non performing exposures 30 25 20 15 10 CCB carve-out 6.9 bn Helix 2.7 bn 5 Feb.19 NPEs 10 bn 0 Q1-2014 Q1-2015 Q1-2016 Q1-2017 Q1-2018 Q4-2018 Gross loans breakdown, Feb. 2019 Gross loans breakdown, Feb. 2019 60% 100% Performing not restructured 50% 80% Provisions 52% 40% 63% Performing & restructured 60% 30% Non-performing & NPES 31% 20% 40% restructured 6% Non-performing not 10% 14% 20% 2% restructured 0% Provisions 15% 52% of NPES Terminated (Est.) Q1-2014 Q1-2015 Q1-2016 Q1-2017 Q1-2018 Q4-2018 0% Source: Central Bank of Cyprus, Ministry of Finance 22 22

View entire presentation