Investor Presentaiton

Capital & balance Sheet Profitability Risk adjusted yield will rise as Legacy book reduces Non- Legacy Legacy Group 1Q2021 1Q2021 1Q2021 Interest Income on loans (€ mn) (pre FTP) 67 16 83 Loan credit/reversal (losses) (€ mn) 8 (28) (20) Interest Income net of loan 75 (12) 63 credit losses (€ mn) Cost of Risk (0.35%) 3.77% 0.66% • Effective Yield 3.01% 4.97% 3.26% Risk adjusted Yield¹ 3.36% (3.62%) 2.47% Average Net Loans (€ mn) RWA Intensity² 9,062 1,323 10,386 44% 98% 50% Global corporate, RRD Corporate IB, W&M 1) 2) Interest Income on loans net of allowance for expected loan credit losses/ Average Net Loans Risk Weighted Assets over Total Assets. Bank of Cyprus Holdings REMU SME and Retail Banking Overseas non core Group Financial Results for quarter ended 31 March 2021 • Non-Legacy Book is expected to grow and to increasingly drive Group results Legacy book revenues predominantly driven by loan credit losses unwinding (but offset via loan credit losses) Interest on Net NPEs not received in cash, fully provided (€8 mn in 1Q2021) As Legacy book reduces: • Group risk adjusted yield expected to rise Group Risk intensity expected to fall supporting CET1 ratio build 51

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