Deleveraging and Financial Overview

Total expenses Total expenses (€ mn) ■Other operating expenses Staff costs 114 105 104 103 47 45 44 56 58 59 59 58 1Q2014 2Q2014 3Q2014 4Q2014 Group Cost to Income Ratio 34% 33% 35% 36% 1Q2014 1H2014 9M 2014 FY2014 • . 4Q2014 Total expenses increased to €114 mn compared to €103 mn for 3Q2014 mainly due to advertising, regulatory and ECB Comprehensive Assessment related costs, listing costs, and other advisory fees Staff costs for 4Q2014 at €58 mn broadly at the same level as in the previous quarters The cost-to-income ratio for FY2014 stands at 36% compared to 35% for the 9M2014, partly due to the increase of other operating expenses during 4Q2014 Bank of Cyprus KOINO WKYNРIW 2235 13

View entire presentation