Bank of Cyprus Credit Ratings and Financial Position

Macro & Banking Overview Loan market share at 42% in Mar 2023 Strong market shares in resident and non-resident deposits Loans Deposits Residents Non-residents 45.4% 41.1% 41.9% 41.9% 41.2% 41.1% 40.9% 42.4% 38.3% 37.1% 38.8% 37.3% 37.9% 37.5% 37.7% 37.9% 35.8% 35.4% 35.2% 36.0% 36.0% 35.1% 35.0% 34.8% 35.8% 36.8% 37.1% 37.2% 37.3% 32.8% 35.3% 34.9% 34.9% 34.8% 33.5% 34.1% 34.3% 33.3% 33.0% 31.5% 1 Dec 17 Dec 18 Dec 19 Dec 20 Dec 21 Mar 22 Jun 22 Sep 22 Dec 22 Mar 23 Average contractual interest rates (bps) (Cy) Yield on Loans Cost of Deposits Customer spread 489 429 380 376 375 363 381 343 347 352 355 479 422 374 371 371 360 378 340 345 350 353 6 5 4 3 3 2 2 2 3 7 10 3Q2020 4Q2020 1Q2021 2Q2021 3Q2021 4Q2021 1Q2022 2Q2022 3Q2022 4Q2022 1Q2023 Dec 17 Dec 18 Dec 19 Dec 20 Dec 21 Mar 22 Jun 22 Sep 22 Dec 22 Mar 23 1) The market share as at 31 March 2022 was affected by the decrease in total loans in the banking sector, following RCB's decision to phase out its banking activities, and NPE disposal of a peer C 37

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