Deleveraging and Financial Overview

Credit Risk - Provisions Group loan quality indicators 190+ DPD provision coverage NPLs ratio 90+ DPD ratio 38,8% 47,4% 52,5% 53,2% 48,6% 48,6% 49,8% 42% 37% 38% 39% 39% 38% 41% 30.06.13 30.09.13 31.12.13 31.03.14 30.06.14 30.09.14 31.12.14 Accumulated provisions Accumulated provisions (€ bn) Provisions % Gross loans 17,6% 16,2% 21,6% 18,6% 19,1% 19,3% 20,0% • 90+ DPD ratio at 53,2% 90+ DPD provision coverage improved to 41%%; Taking into account tangible collateral at fair value, 90+ DPD are fully covered Accumulated provisions at €5,1 bn or 21,6% of gross loans The Group has completed a review of its accounting estimates and methodologies in an effort to more closely align them with the observations and adjustments suggested by the SSM, resulting in an additional provisions charge for 4Q2014 4,6 30.06.13 4,8 30.09.13 5,0 5,0 4,9 4,9 5,1 31.12.13 31.03.14 30.06.14 30.09.14 31.12.14 Bank of Cyprus 23 KOINO WKYNРIW 2235

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