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Investor Presentaiton

Net Interest Income and Net Interest Margin Net Interest Income and Net Interest Margin 423 Interest income from Laiki Recap. bond (€ mn) NIM (bps) FY2014 NIM: 394 bps NII: €969 mn Net interest income (other) (€ mn) -NIM (excluding Laiki Recap. bond) (bps) FY2015 NIM: 379 bps / 351 bps (excl recap bond) NII: €842 mn / €779 mn (excl recap bond) 394 382 381 379 370 369 <-350- 3.40. - 355 262 231 225 227 212 205 198 44 26 26 25 22 -9 -7 218 205 199 202 190 196 191 355 2Q2014 3Q2014 4Q2014 1Q2015 2Q2015 3Q2015 4Q2015 Yield of Loans, Cost of Deposits and Customer Spread in Cyprus operations (bps) 1Q2015 2Q20152 ■3Q2015 FY2015: 543 ■4Q2015 FY2015: 428 573 537 536 527 FY2015: 115 434 418 432 427 139 119 104 100 Cost of Deposits IIII Customer spread 4Q2015 Net Interest Income (NII) at €198 mn, compared to €205 mn for 3Q2015, reflecting a lower yield on restructured loans partly due to restructurings made during the 4Q2015 and deleverage actions • The reduction in NII during 2015 reflects the reduction in lending rates, the gradual repricing of deposits and the repayment of a bond by the Republic of Cyprus in June and December of 2015 • • • Net Interest Margin (NIM) remains healthy at 3,69% for 4Q2015; Adjusting for the Laiki Recapitalisation bond, the NIM remained unchanged qoq at 3,55% Customer spread in Cyprus decreased to 427 bps in 4Q2015 compared to 432 bps in 3Q2015, with the reduction reflecting a lower yield on loans partly due to loans restructuring Going forward the Bank will address the pressure on NII via new loan origination, while maintaining lending yields despite growing competition Yield on Loans (1) Includes all currencies (2) 2Q2015 and year to date 1H2015 that has been adjusted to exclude non recurring items Bank of Cyprus 4 DINO
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