Slides
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Bank of Cyprus Group PRELIMINARY GROUP FINANCIAL RESULTS For the year ended 31 December 2025
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Disclaimer 2 The financial information included in this presentation is not audited by the Group’s external auditors. This financial information is presented in Euro (€) and all amounts are rounded as indicated. A comma is used to separate thousands and a dot is used to separate decimals. Important Notice Regarding Additional Information Contained in the Investor Presentation The presentation for the Group Financial Results for the year ended 31 December 2025 (the “Investor Presentation”), available on https://bankofcyprus.com/en-gb/group/investor- relations/reports-presentations/financial-results/, includes additional financial information not presented within the Group Financial Results Press Release (the “Press Release”), primarily relating to (i) NPE analysis (movements by segments and customer type), (ii) rescheduled loans analysis, (iii) details of historic restructuring activity including REMU activity, (iv) income statement by business line, (v) interest income/expense analysis, (vi) net interest income sensitivities, (vii) loan portfolio analysis in accordance with the three- stages model for impairment of IFRS 9, (viii) fixed income portfolio per issuer type and (ix) income statement of insurance and payment solutions business. Except in relation to any non-IFRS measure, the financial information contained in the Investor Presentation has been prepared in accordance with the Group’s significant accounting policies as described in the Group’s Annual Financial Report 2024 and updated in the Interim Financial Report 2025. The Investor Presentation should be read in conjunction with the information contained in the Press Release and neither the financial information in the Press Release nor in the Investor Presentation constitutes statutory financial statements prepared in accordance with International Financial Reporting Standards. Forward Looking Statements This document contains certain forward-looking statements with respect to the financial condition, results of operations and business of Bank of Cyprus Holdings Public Limited Company (together with Bank of Cyprus Public Company Limited, the ‘Bank’, and its subsidiaries, the ‘Group’) and its current goals and expectations relating to its future financial condition and performance, the markets in which it operates and its future capital requirements. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements can usually be identified by terms used such as ‘achieve’, ‘aim’, ‘anticipate’, ‘assume’, ‘believe’, ‘continue’, ‘could’, ‘estimate’, ‘expect’, ‘goal’, ‘intend’, ‘may’, ‘project’, ‘plan’, ‘seek’, ‘should’, ‘target’, ‘will’ or similar expressions or variations thereof or their negative variations, but their absence does not mean that a statement is not forward-looking. Forward-looking statements can be made in writing but also may be made verbally by directors, officers and employees of the Group (including during management presentations) in connection with this document. Examples of forward-looking statements include, but are not limited to, statements relating to the Group’s near term, medium term and longer term future capital requirements and ratios, intentions, beliefs or current expectations and projections about the Group’s future results of operations, financial condition, expected impairment charges, the level of the Group’s assets, liquidity, performance, prospects, anticipated levels of growth, provisions, impairments, business strategies and opportunities, capital generation and distributions (including distribution policy), return on tangible equity and commitments and targets (including environmental, social and governance (ESG) commitments and targets). By their nature, forward-looking statements involve risk and uncertainty because they relate to events, and depend upon circumstances, that will or may occur in the future. Factors that could cause actual business, strategy and/or results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements made by the Group include, but are not limited to: general economic and political conditions in Cyprus, other European Union (EU) Member States and globally, interest rate and foreign exchange fluctuations, legislative, fiscal and regulatory developments, information technology, litigation and other operational risks, adverse market conditions, the impact of outbreaks, epidemics or pandemics and geopolitical developments. This creates significantly greater uncertainty about forward-looking statements. Should any one or more of these or other factors materialise, or should any underlying assumptions prove to be incorrect, the actual results or events could differ materially from those currently being anticipated as reflected in such forward-looking statements. The forward-looking statements made in this document are only applicable as at the date of publication of this document. Except as required by any applicable law or regulation, the Group expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained in this document to reflect any change in the Group’s expectations or any change in events, conditions or circumstances on which any statement is based. Changes in our reporting frameworks and accounting standards may have a material impact on the way we prepare our financial statements. In setting future targets and outlook, the Group has made certain assumptions about the macroeconomic environment and the Group’s businesses, which are subject to change.
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01 Executive summary 02 FY2025 financial performance 03 ESG update 04 Appendix 3 Contents
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01 Executive summary
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Why Bank of Cyprus 5 STRONG, SUPPORTIVE MACRO • Attractive regional business hub with above-Eurozone economic growth • Fiscally strong sovereign; 3 notches above investment grade LEADING MARKET POSITION • Servicing c.3/4 of the Cypriot population • #1-2 position across banking, insurance and payments solutions in Cyprus DIVERSIFIED, SUSTAINABLE PROFITS • Digitally engaged franchise, integrated bank-insurance-payment offering • Strong profitability supported by capital-light non-interest income • Efficiency and risk focus with low cost to income ratio and low cost of risk WELL-CAPITALISED, DISTRIBUTION CAPACITY • Robust high quality capital base with strong organic capital generation • Building distribution track record; 70% payout ratio in 2025, distributing €705 mn since 2022
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A diversified, service-based economy Structure of Cypriot economy in 2024 (% of GVA) Cypriot economy continues to outpace the Eurozone Cyprus inflation remains well-managed Cyprus HICP3 index (yoy% change) Strong economic growth continues to track above Eurozone level Real GDP (yoy % change) 9.2% 5.3% 4.1% 3.7% 3.6% 4.5% 5.5% 2.1% 0.2% 1.3% 1.4% 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Cyprus Eurozone 0.8% -1.1% 8.1% 3.9% 2.3% 0.8% 1.8% 0.3% 8.4% 5.4% 2.4% 2.1% 2018 2019 2020 2021 2022 2023 2024 2025 Cyprus Eurozone Wholesale & Retail trade Health & social work Public Transport Accommodation Information Finance & Insurance Real Estate Professional Education Primary, Secondary Other 86% tertiary sector 11% 8% 7% 12% 10% 10% 7% 14% 6% 4%5% 6% 6 FY24: 3.9% FY25: 3.8% Expected at 3.1%1 for 2026 (vs 1.2%2 for Eurozone average) Expected at 2.1%1 for 2026 (vs 1.9%2 for Eurozone average) Record tourism performance, ahead of 2024 strong levels Tourist arrivals Tourist revenue (€ mn) 11M2023 11M2024 11M2025 2,916 3,123 3,599 +15% FY2023 FY2024 FY2025 3,846 4,040 4,534 +12% For footnotes refer to slides 70-73
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Full employment and robust sovereign rating Economy operating at almost full employment Unemployment rate Rebound in public finances from 2022 onwards Budget surplus as % of GDP 8.4% 7.2% 7.6% 7.2% 6.3% 5.8% 4.9% 4.4% 8.2% 7.6% 8.0% 7.8% 6.8% 6.6% 6.4% 6.4% 2018 2019 2020 2021 2022 2023 2024 1Q2025 2Q2025 3Q2025Cyprus Eurozone 2.1% -3.4% 1.0% -5.6% -1.6% 2.6% 1.7% 4.3% 3.2% 2017 2018 2019 2020 2021 2022 2023 2024 Jan-Nov 2025 7 Expected at 4.6%1 for 2026 (vs 6.2%3 for Eurozone average) Surplus of 3.0%1 expected for 2026 Low public debt to GDP, outpacing Eurozone average As at 30 September 2025 Greece Italy France Spain Portugal Eurozone Germany Cyprus Ireland 150% 138% 118% 103% 98% 89% 63% 57% 33% Expected to decrease to c.53%1 by the end 2026 2 Strong sovereign rating, 3 notches above investment grade S&P BBB- BBB+ A AA AA-A+ A- BBB BB+BB Dec 21 Mar 22 Jun 22 Sep 22 Dec 22 Mar 23 Jun 23 Sep 23 Dec 23 Mar 24 Jun 24 Sep 24 Dec 24 Mar 25 Jun 25 Sep 25 Dec 25 Cyprus Portugal Italy Spain Greece Ireland Investment grade AA A- BBB+ BBB A+ For footnotes refer to slides 70-73
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FY2025 highlights For footnotes refer to slides 70-73 8 STRONG VOLUME GROWTH • Record new lending of €3.0 bn, up 23% yoy • Gross performing loans at €10.9 bn, up 8% yoy • Mainly retail deposit base at €22.2 bn, up 8% yoy ATTRACTIVE PROFITABILITY • Profit after tax of €4811 mn; €1281 mn in 4Q2025 • Basic earnings per share of €1.10 • Cost to income ratio2 remains low at 37% LIQUID, RESILIENT BALANCE SHEET • NPE ratio reduced to 1.2% • Low cost of risk at 33 bps • LCR ratio of 321%; surplus liquidity of €9.2 bn ROBUST CAPITAL & DISTRIBUTION CAPACITY • CET1 ratio at 21.0% and Total Capital ratio at 25.9% • Organic capital generation3 of 436 bps • Total distribution at 70% payout ratio; €305 mn cash dividend4 PAT €481 mn ROTE 18.6% Gross performing loans +8% yoy Deposits +8% yoy Shareholder returns 70% payout ratio; €305 mn cash dividend3
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2025 distribution at 70% payout, at top end of distribution policy 9 Dividend per share Payout ratio Distribution 70% €305 mn €0.70 High-single digit yield1 for 2025 2025 Distribution at top end of payout range Payout ratio Progressive distribution surpassing prior year levels (€ mn) • Dividend yield of 9%1 • 70% payout ratio based on adjusted recurring profitability of €434 mn • c.25% increase in total distribution yoy • Fully in cash • €218 mn cash dividend2 to be paid in June 2026; €87 mn interim dividend paid in October 2025 • c.45% increase in cash dividend yoy • €0.502 per share to be paid in June 2026; €0.20 paid in October 2025 as interim dividend 2022 2023 2024 2025 3% 9% 12% 9% 2022 2023 2024 2025 14% 30% 50% 70% 112 211 87 218 2022 25 2023 30 2024 2025 22 137 241 305 Cash dividend Interim dividend Buyback For footnotes refer to slides 70-73
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Strong ROTE over the past 3 years on a growing equity base Increasing and sustainable shareholder value creation 10 €705 mn cumulative distributions since 2022; TBV continues to grow (€) Distribution (€ mn) 2023 2024 2025 24.8% 21.4% 18.6% ROTE PAT (€ mn) Tangible book value per share Cash dividend per share 0.05 3.88 Dec 22 0.25 4.68 Dec 23 0.48 5.29 Dec 24 0.50 5.60 Dec 25 3.93 4.93 5.77 6.10 137 241 305487 508 481 27.4% 27.6% 26.4% 20.00% 40.00%ROTE at 15% CET1 ratio Well-capitalised with strong organic capital generation p.a.. 2023 2024 2025 17.4% 19.2% 21.0% CET1 ratio Organic capital generation2 (bps) 445 445 436 TBV per share CET1 ratio 17.4% 19.2% 21.0% 22 For footnotes refer to slides 70-73 1
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Investor Update 2026 3 March 2026, Athens 2025 targets (Nov 2025) FY2025 ROTE reported High-teens 18.6% ROTE at 15% CET1 ratio >20% 26.4% Distribution (payout1) 70% (Policy 50-70%) 70% Net interest income Average ECB depo rate c.€720 mn 2.3% 731 mn 2.3% Cost to income ratio2 <40% 37% Cost of risk <40 bps 33 bps CET1 generation3 Upside to c.300 bps 436 bps FY2025 targets achieved 11For footnotes refer to slides 70-73
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02 FY2025 financial performance
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4Q2025 snapshot Healthy asset quality with low cost of risk at 26 bps (bps) Cost to income ratio1 at 42%; VEP2 impact recognised in 4Q2025 NII at €183 mn (€ mn) PAT at €128 mn including one-off items recognised in 4Q2025 (€ mn) 13 117 118 118 128 1Q2025 2Q2025 3Q2025 4Q2025 186 182 180 183 1Q2025 2Q2025 3Q2025 4Q2025 Average ECB Deposit rate 34% 37% 35% 42% 1Q2025 2Q2025 3Q2025 4Q2025 39 32 33 26 1Q2025 2Q2025 3Q2025 4Q2025 2.8% 2.3% 2.0% 2.0% For footnotes refer to slides 70-73
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Income statement 14 € mn FY2025 FY2024 yoy% 4Q2025 3Q2025 qoq% Net interest income 731 822 -11% 183 180 2% Non-interest income 309 272 14% 90 78 16% Total income 1,040 1,094 -5% 273 258 6% Total operating expenses (386) (367) 5% (114) (91) 26% Special levies on deposits and other levies/ contributions (42) (39) 8% (13) (13) - Operating profit 612 688 -11% 146 154 -5% Provisions and impairments (63) (98) -36% (14) (15) -5% Profit before tax 551 590 -7% 134 139 -4% Tax (66) (81) -19% (4) (20) -80% Profit after tax 481 508 -5% 128 118 8% Adjusted recurring 434 482 -10% 94 118 -21% Profit after tax 481 508 -5% 128 118 8% Profit before tax 549 590 -7% 132 139 -5% 4Q2025 PAT of €128 mn, including one off items recognised during the quarter NII at €183 mn boosted by seasonal growth in deposits in the quarter (+3% qoq) 4Q2025 notable items: Non-NII included: • €5 mn release on premium tax of life insurance as part of the latest tax reform • €2 mn insurance reimbursement in other income Small voluntary staff exit plan completed in 4Q2025; total cost of €19 mn (€14 mn in 4Q2025) One-off net credit of €4 mn in provisions and impairments due to insurance reimbursement on past litigation partially offset by a charge for reinstating bailed-in provident funds1 Tax charge of €4 mn including the quarterly tax charge partly offset by the net positive impact arising from the latest tax reform (from 12.5% to 15%) Key ratios FY2025 FY2024 yoy% 4Q2025 3Q2025 qoq% ROTE 18.6% 21.4% -2.8 p.p. 19.4% 18.5% 0.9 p.p. ROTE on 15% CET1 ratio 26.4% 27.6% -1.2 p.p. 27.7% 25.9% 1.8 p.p. EPS (€) 1.10 1.14 -0.04 0.29 0.27 0.02 For footnotes refer to slides 70-73
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Total liabilities & equity (€ bn) Total assets (€ bn) Highly liquid, customer funded and growing balance sheet 15 • 21% linked with Bank’s base rate2 (‘natural hedging’ of time & notice deposits cost) • 44% linked with Euribor • 9% linked with ECB MRO rate • 11% fixed rate loans3 AIEA1 FY2025 1.9 0.7 10.1 4.4 1.0 0.8 7.6 Dec 24 2.0 0.4 10.8 5.3 1.6 0.6 7.9 Dec 25 Other assets REMU repossessed properties Net loans Securities Reverse repos Due from banks Cash, balances with Central Banks 26.5 28.6 31% 19%5% 42% Cash balances with Central banks 3% Placements with Banks Fixed income portfolioReverse repos Net loans €24.8 bn 20.5 22.2 1.3 1.42.8 2.91.5 1.7 Dec 24 0.4 Dec 25 Other Equity (incl AT1) Wholesale Due to banks Customer deposits 26.5 28.6 0.4 For footnotes refer to slides 70-73
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2025 NII of €731 mn, demonstrating resilience on lower rates 16 FY2025 NII down 11% yoy on lower interest rates, partially mitigated by; • volumes growth • low deposit pricing (30 bps for FY2025) • continued hedging activity FY2025 NIM down 59 bps yoy on lower interest rates 4Q2025 NII up 2% qoq boosted by seasonally strong deposit growth in the quarter Growing AEIA mainly by increased deposit volumes (+€0.7 bn qoq) Healthy volume growth increases AIEA2 by 3% qoq (€ bn) NII up 2% qoq on volumes growth and hedging activity 186 182 180 183 1Q2025 2Q2025 3Q2025 4Q2025 353 294 313 298 286 283 NII NIM1 (bps) (€ mn) 1Q2025 2Q2025 3Q2025 4Q2025 24.1 24.5 25.0 25.7 4.4 9.5 10.3 4.6 9.4 10.5 4.8 9.6 10.6 5.0 10.0 10.7 +3% Fixed income portfolio Liquids Net loans 20% 38% 42% % of total AIEA 822 731 FY2024 FY2025 3.7% 2.3%Average ECB Deposit rate For footnotes refer to slides 70-73
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NII sensitivity to parallel shift in interest rates (annualised)5 Continued hedging actions further reducing NII sensitivity 17 Hedging (€ bn) Dec 24 Sep 25 Dec 25 Receive fixed IRSs1 on non-maturing deposits 2.91 4.14 5.04 Receive fixed IRSs1 on wholesale funding 1.25 1.33 1.33 Reverse repos2 1.00 1.00 1.00 Fixed rate bonds 3.81 4.45 4.75 Total 8.97 10.92 12.12 Dec 22 Dec 24 Dec 25 +/-25 bps c.€31 mn c.€21 mn c.€16 mn Average fixed rate 2.65% €15 mn since Dec 2022 €3.1 bn hedging in FY2025, totaling €12.1 bn; covering 47% of interest earning assets (vs 37% at 31 Dec 2024) €1.2 bn fixed rate loans3 (11% of loan book) €2.2 bn base rate loans4; natural hedging of c.50% of household Time & Notice deposits For footnotes refer to slides 70-73
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Deposits up 8% yoy; deposit pricing maintained low 18 Net loan to deposit ratio2 Group deposits by UBO country of residence Cost of deposits remains low (bps) Deposits at €22.2 bn up 3% qoq (€ bn) Positive deposit trends in both volumes and pricing Well managed deposit costs, flat qoq Highly liquid Bank with one of the lowest L/D ratio in EU Dec 24 Sep 25 Dec 25 20.5 21.5 22.2 6.7 13.8 6.7 14.8 6.8 15.4 +8% Savings, Current & Demand Time & Notice 33% 31% 30% 100 88 80 79 4 1 3 3 1Q2025 2Q2025 3Q2025 4Q2025 Time & Notice Savings, Current & Demand Cost of deposits1 35 29 27 27 82% 9% 9% <0.5% Cyprus Other EU Other countries Russia/Belarus 98% 89% 68% 64% 62% 49% For footnotes refer to slides 70-73
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Record new lending of €3.0 bn in FY2025 19 Corporate SME Retail Housing Retail other International New lending growth across all business lines, driven mainly by corporate and international demand International new lending up c.2x in 4Q2025 reflecting strong execution pipeline in the quarter Strong track record of repayment capability; >99% of new exposures1 in Cyprus since 2016 are performing New lending at €762 mn in 4Q2025 (€ mn) New lending at €3.0 bn in FY2025, up 23% yoy (€ mn) 227 258 491 553 304 314396 707 FY2024 FY2025 2,435 2,999 1,017 1,167 +23% yoy% 269 430 279 249 209 59 71 70 51 66 138 114 141 136 162 67 88 82 71 73 194 139 188 128 252 4Q2024 1Q2025 2Q2025 3Q2025 4Q2025 727 842 760 635 762 +5% International +79% Retail +9% Business +15% For footnotes refer to slides 70-73
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Gross performing loans up 8% yoy; growth continues across all business lines 20 International loan book (€ bn) Broad based expansion of domestic loan book (€ bn) Effective yield on performing loans (bps) Gross performing loans1 (€ bn) Gross performing loans at €10.9 bn; 88% domestic and 12% international Domestic book growing in line with economic growth International book growth mainly driven by international corporate; • Primarily targeting high- quality Greek corporates in selected sectors International book benefited from low repayments Effective yield on performing loans down 6 bps qoq mainly due to lower interest rates 0.96 9.14 Dec 24 1.19 9.52 Sep 25 1.36 9.51 Dec 25 10.10 10.71 10.87 +8% International Domestic % of portfolio 88% 12% 510 484 458 440 434 4Q2024 1Q2025 2Q2025 3Q2025 4Q2025 Syndicated loans Shipping International CorporateCorporate SME Retail Housing Retail other 1.04 3.54 0.96 3.60 Dec 24 1.09 3.64 0.98 3.81 Sep 25 1.09 3.71 0.99 3.72 Dec 25 9.14 9.52 9.51 +4% yoy% Dec 23 0.15 Dec 24 Sep 25 Dec 25 0.96 1.19 1.36 0.76 0.34 0.47 0.26 0.33 0.60 0.26 0.36 0.74 0.37 0.24 0.15 +€199 mn +€395 mn % of portfolio 19% 27% 54% Retail +5% Business +3% For footnotes refer to slides 70-73
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Growing fixed income portfolio, representing 18% of total assets 21 Fixed income portfolio at €5.1 bn up 22% yoy Average yield of new investments in 4Q2025: 2.76% Highly rated and diversified fixed income portfolio Majority of positions in FVOCI book hedged for interest rate risk Fixed income securities per issuer type - NBV Fixed income securities– NBV (€ mn) Amortised cost FVOCI Duration (years) 3.73 3.32 Duration after interest rate hedging (years) 3.69 0.59 Rating Aa3 A2 Dec 24 Sep 25 Dec 25 4,212 4,911 5,131 +22% % assets 16% 18% 18% 7% 16% 11% 16% 27% 22% Other financial & other corporations Banks Covered bonds Supranationals Other Governments Cyprus Government €5.1 bn For footnotes refer to slides 70-73
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Non-NII covering 70-80% of total operating expenses 22 Non-NII at €309 mn in 2025 (€ mn) Non-NII at €309 mn in 2025; recurring Non-NII at €250 mn, up 4% yoy Net fee & commission income up 2% yoy on higher non-transactional fees Net insurance result up 11% yoy mainly due to Ethniki Insurance’s contribution (c.€3.2 mn in 2025) Other Non-NII, up 38% yoy mainly on elevated REMU sales Non- recurring items of €15 mn in FY2025 include; • €5 mn release on premium tax of life insurance as part of tax reform (recognised in 4Q2025) • €10 mn insurance reimbursement (€2 mn in 4Q2025) Recurring Non-NII at €250 mn in 2025 240 250 4432 FY2024 15 FY2025 272 309 +14% 60 60 61 69 149 1Q2025 12 2Q2025 89 3Q2025 7 4Q2025 69 72 78 90 +16% yoy% +4% 177 180 49 54 14 FY2024 16 FY2025 240 250 +4% 44 44 45 47 12 12 12 184 1Q2025 4 2Q2025 4 3Q2025 4 4Q2025 60 60 61 69 +12% yoy% +2% +11% +12% 74%1 76%1 79% 77% 77%1 73%1 Recurring Non-NII Other Non-NII Non-recurring items Non-NII/ OPEX2 Net fee & commission Net insurance result3 FX customer related For footnotes refer to slides 70-73
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Life and Non-Life insurance business – valuable and sustainable contribution to the Group 23 Profit & Loss figures exclude Ethniki Insurance • Acquisition completed in Jul 2025 • Legal merger completed in Dec 2025 • €3.2 mn net insurance result for Aug to Dec 2025 CONTRIBUTION TO THE GROUP 18% contribution in Non-NII Highly profitable; 9% contribution to Group’s PAT1 c.210%5 Solvency ratio c.280%5 Solvency ratio Recurring Insurance PAT6 Net insurance result Recurring insurance PAT3 (€ mn) Net insurance result2 (€ mn) FY2024 FY2025 28.3 28.0 FY2024 FY2025 31.5 32.8 (€ mn)(€ mn) FY2024 FY2025 16.9 18.3 FY2024 FY2025 12.5 14.6 For footnotes refer to slides 70-73 c.33%4 Market share (#1) c.16%4 Market Share (#2)
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Leveraging digital offerings to enhance Group’s sales and customer experience… 24 As at 31 December 2025 Strong results from digital sales, both in banking and insurance active users of digital channels 504K active mobile app users 475k active QuickPay users 249k record unique customer logins per day (in FY2025) 232k Increased use across all digital channels Non-life insurance digital sales QuickAccountsDigital Loans1 (#)(€ mn) (€’000) Digital housing loansQuickLoans 86 147 182 Dec 23 Dec 24 13 Dec 25 195 +33% 532 880 995 FY2023 FY2024 FY2025 +13% Dec 23 Dec 24 Dec 25 16,346 31,670 51,306 +62% For footnotes refer to slides 70-73
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…while continuously investing in digital initiatives engaging clients 25 • Digital application with instant decision • Electronic upload of documents with real time updates • c.€13 mn digital housing loans1 • Buy Now Pay Later solution • Credit facility with flexible repayment plans (3, 6, or 9 months) • Pioneering loyalty scheme rewarding customers based on their total collaboration with the Bank • Banking for minors (age 9-17) • Enhanced youth offering; savings & goals, transfers and referrals with incentive • ‘Joey Extras’ with additional benefits • Upgraded QuickAccount for ages 18-25 • No fees including currency commissions for FX transactions Digital Housing Loans Enhanced 18-25 offering c 1,8851 registered companies c. €2.6 bn money exchanged via the platform B2B +127% yoy in active offers +380% yoy in GMV2B2C • Instant and secure person-to-person money transfers using mobile phone numbers For footnotes refer to slides 70-73
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Cost to income ratio remains low at 37% in FY2025 26For footnotes refer to slides 70-73 Total operating expenses up 5% yoy reflecting VEP cost of €19 mn in 2025 Excluding VEP cost, total operating expenses up 3% yoy Staff costs up 4% yoy on salary increments and cost of living adjustment Small-targeted VEP completed in 2025; • c.110 employees; total cost of c.€19 mn (€14 mn in 4Q2025) Seasonally higher other operating expenses in 4Q2025, up 11% qoq Other operating expenses down 2% yoy due to; • lower professional fees • lower cost on customers’ reward programme • partly offset by higher IT expenses Cost to income ratio1 at 37% in FY2025 Total operating expenses1 (€ mn) 164 161 182 189 3621 FY2024 FY2025 367 386 +5% Exit costs & variable pay Staff costs Other operating expenses yoy% +4% qoq% -2% +11% 38% 34% 37% 35% 42% 4Q2024 1Q2025 2Q2025 3Q2025 4Q2025 34% 37% FY2024 FY2025 49 37 39 40 45 45 48 47 48 46 237 4Q2024 2 1Q2025 8 2Q2025 3 3Q2025 4Q2025 101 87 94 91 114 -2%
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Healthy asset quality; NPE ratio at 1.2% & REMU stock <€0.4 bn 27 NPE ratio at 1.2%; robust asset quality maintained Cost of risk at 33 bps (€35 mn) in 2025 as the strong underlying performance of loan book continues REMU stock at €377 mn, ahead of target of c.€0.5 bn by end of 2025 Additionally, impairments of €11 mn in 4Q2025 mainly relate to REMU stock of properties due to the ageing of the stock, updated valuations and impairments on specific, illiquid properties NPE ratio at 1.2%; fully covered Cost of risk maintained below 40 bps REMU repossessed stock reduced to €377 mn FY2024 FY2025 0.30% 0.33% 1Q2025 2Q2025 3Q2025 4Q2025 0.39% 0.32% 0.33% 0.26% NPE coverage BV to OMV 2,064 1,917 1,864 82% 124% 139% 72% 71% 69% # properties 0.0 Dec 24 Sep 25 Dec 25 0.66 0.42 0.38 -€283 mn Group BV (€ bn) Dec 24 Sep 25 Dec 25 2.0% 1.2% 1.2%NPE ratio 1 For footnotes refer to slides 70-73
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AT1 coupon CET1 Dec 25 (pre- distributions) 4.9% AT1 & T2CET1 Dec 24 1.0% CRR III 4.4% Profits (0.1%) RWAs (0.3%) Other (0.2%)19.2% 23.8% 25.9% Ethniki Insurance Cyrpus Ltd (0.2%) Distribution (2.8%) CET1 Dec 25 21.0% Total Capital ratio Dec 25 Robustcapital position; CET1 at 21.0% 28 Regulatory capital ratios CET1 ratio at 21.0%, net of proposed distribution at the top end of distribution policy (i.e. 70%) Organic capital generation of 436 bps4 in FY2025, of which 110 bps4 in 4Q2025 Proposed final dividend of €0.505 per ordinary share, bringing total FY2025 distribution to €0.70 (€305 mn); €0.20 already paid in October as interim dividend CET1 ratio including retained earnings 20.4% 22.4% 24.0% 25.9% 15.2% 17.4% 19.2% 21.0% Dec 22 Dec 23 Dec 24 Dec 25 min OCR1 requirement January 2026 50% payout ratio 70% payout ratio 12.16% 16.75% CET1 ratioTotal Capital ratio 2 3 For footnotes refer to slides 70-73 16.75% 3
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Fitch upgraded rating to BBB in November 2025; outlook stable Dec 14 Dec 15 Dec 16 Dec 17 Dec 18 Dec 19 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 BOC-Fitch Long-term Issuer Default Rating Sovereign rating BOC is investment grade rated by all 3 credit rating agencies 29 Moody’s affirmed rating to A3 in December 2025; outlook positive S&P affirmed rating to BBB- in December 2025; outlook positive Dec 14 Dec 15 Dec 16 Dec 17 Dec 18 Dec 19 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 BOC-Moodys long-term deposit rating Sovereign rating Investment grade Baa3 A3 A3 Oct 17 Jun 18 Mar 19 Dec 19 Sep 20 Jun 21 Mar 22 Dec 22 Sep 23 Jun 24 Mar 25 Dec 25 BOC-S&P Long-term Issuer Credit Rating Sovereign rating BBB C+,C,C- CC CCC- CCC CCC+ B- B B+ BB- BB BB+ BBB- BBB BBB+ A- A- Caa3 Caa2 Caa1 B3 Ba3 Ba2 Ba1 Baa3 Baa2 Baa1 A3 C Ca B2 B1 C+,C,C- CC CCC- CCC CCC+ B- B B+ BB- BB BB+ BBB- BBB BBB+ A- A- Investment grade BBB- Investment grade BBB- BBB- Cyprus Sovereign Credit rating LT Deposit rating LT Counterparty Risk Rating LT Issuer credit rating Outlook Senior Unsecured Debt Subordinate (Tier 2) A3 A- A- A3 N/A BBB+ A3 N/A N/A Positive Positive Stable Baa3 BBB- N/A Ba1 N/A N/A N/A BBB- BBB
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3 March Athens Investor Update 2026
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Key information and contact details Contacts Investor Relations & ESG Tel: +357 22 122239, Email: investors@bankofcyprus.com Annita Pavlou Manager Strategy, Investor Relations & ESG Tel: +357 22 122740, Email: annita.pavlou@bankofcyprus.com Stephanie Olympiou (stephanie.olympiou@bankofcyprus.com) Dafni Georgiou (dafni.georgiou@bankofcyprus.com) Elena Hadjikyriacou (elena.hadjikyriacou@bankofcyprus.com) Andri Rousou (andri.rousou@bankofcyprus.com) Listing: ATHEX – BOCHGR, CSE – BOCH/ΤΡΚΗ, ISIN IE00BD5B1Y92 Executive Director Finance Eliza Livadiotou, Tel: +35722 122128, Email: eliza.livadiotou@bankofcyprus.com 31
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03 ESG update Click here to find out more in our Annual Report
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Key milestones achieved by FY2025 33 E • c.€452 mn Green Housing gross loans with EPC Category A as of December 2025, compared to c.€321 mn as of December 2024 • Environmentally Friendly gross loans of €572 mn as of December 2025 compared to c.€354 mn as of December 2024 • Utilisation of renewable energy in own operations increased by 24% yoy • Scope 1 and Scope 2 GHG Emissions reduced by 3% yoy S • 50,942 training hours to female employees and 30,557 training hours to male employees in FY2025 • Cumulative investment of more than c.€70 mn from 1998 to 2025 in the Bank of Cyprus Oncology Centre • Promoting digital transformation G • 38% women representation in ExCo and Senior Management in FY2025, early achievement of the 2030 target of at least 30% women representation in ExCo and Senior Management ESG • Published the first Sustainability Statement under Corporate Sustainability Reporting Directive in accordance with the European Sustainability Reporting Standards (ESRS¹) • Group’s ESG Corporate rating under ISS has been upgraded to C which is considered Prime For footnotes refer to slides 70-73
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ESG journey 34 2 0 2 52 0 2 2 2 0 2 3 2 0 2 4 • Issued first Green Bond in Cyprus • Established KPIs and KRIs for both physical and transition risks • Participated in the set up of the ESG due diligence process for Cyprus banking system • Established an Environmental & Social policy; and • Integrated ESG risks into lending pricing • Set ESG targets across the bank’s value chain • Joined Partnership of Carbon Accounting Financials (PCAF) and estimated Financed Scope 3 emissions on loan portfolio; • Set decarbonisation target for own operations strategy • Issued first CSRD report • Published the Impact and allocation report • Established an Environmental Management Policy (Own Operations) • Enhanced materiality assessment process on C&E risks • Initiated the integration of ESG Rating into the Credit Risk Score of the customer • Enhanced the existing Green Lending Policy to facilitate green lending and create Green Lending procedure • Enhanced the ESG operational limits in terms of KPIs and KRIs • Set first decarbonisation target on Mortgage portfolio (IEA <2°C)¹ • Signed UNEP FI² Principles for Responsible Banking • Achieved ≥30% women in ExCo and Senior Management • Estimated Scope 3 GHG emissions across portfolios (PCAF) • Published TCFD report, Pillar 3 disclosures and Sustainability report • Introduced ESG questionnaires in loan origination • Restricted new carbon-intensive lending • Set Green/Transition lending targets; launched Green Housing product applying the GLPs3 of LMA4 • Developed Sustainable Finance Framework For footnotes refer to slides 70-73
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Delivering on our ESG commitments 35 Stakeholder: Investors Regulatory Customers & Markets ESG Priorities in 2026: • Publish the second PRB Self-Assessment & Progress Report • Finalise the integration of ESG Rating into the Credit Risk Score of the customer • Monitor the impact of climate-related and environmental risks on its business environment • Examine to set additional decarbonisation targets on loan portfolios based on methodologies and data available • Publish the second Sustainability Statement for FY2025 (CSRD report) • Narrow gaps identified as part of the Corporate Sustainability Reporting Directive (CSRD) implementation • Continue implementation of ‘ECB Guide’ on Climate related and Environmental risks (C&E) • Comply with all the requirements in accordance with EBA¹ guidelines on ESG Risk Management • Improve the quality of ESG data, through the continued update and implementation of the ESG Data Strategy • Continue enhancement of environmentally friendly product offerings • Monitor performance against Green new lending metrics • Develop further mitigation measures for C&E risks including enhancing customer engagement Sustainable Development Goals: For footnotes refer to slides 70-73
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Delivering on our ESG commitments 36 Climate Change – Target 1: Reduce Scope 1 & Scope 2 GHG emissions by 42% by 2030 compared to 2021 baseline The new lending strategy to achieve the decarbonisation target set has been designed and focuses on financing more energy efficient residential properties. The launch of Green Housing² product drives the feasibility of the decarbonisation target Bank’s performance against baseline of 2021: GHG Emissions¹ – Scope 1 & Scope 2 (tCO2e) Bank’s performance against baseline of 2022:Climate Change – Target 2: Reduce by 43% the kilograms of GHG emissions financed per square metre (kgCO2e/m²) under the Mortgage portfolio, by 2030 compared to 2022 baseline Base (43%) (5%) (12%) (14%) Base (42%) (11%) (25%) (25%) (27%) FY2022 2030 TargetFY2023 FY2024 FY2025 FY2021 2030 TargetFY2023 FY2024 FY2025FY2022 FY2024 153 193 8,424 FY2025 167 177 -3%³ Scope 2 Purchased Electricity Scope 1 Mobile Combustion Scope 1 Stationary Combustion +9% -3% -8% 8,159 -0,5% For footnotes refer to slides 70-73
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Delivering on our ESG commitments 37 Climate Change: Increase portfolio of environmentally friendly loans Gross loans (€ mn) Climate Change: Increase utilisation of renewable energy in own operations Renewable energy (kWh) Climate Change: Reduce paper consumption² Dec-24 Dec-25 Green Housing (EPC A)¹ Renewable energy projects Car loans Energy loans 321 20 11 2 354 572 452 105 12 3 FY2024 FY2025 24% 352,653 438,947 51 45 38 36 35 -32% FY2021 FY2022 FY2023 FY2024 FY2025 # paper printed in mn For footnotes refer to slides 70-73
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Delivering on our ESG commitments 38 Board’s Gender Diversity: Female representation on the Board of Directors Financial Inclusion and Resilience: Facilitate financial technology solutions and promote digital transformation. Refer to slide 24. Gender Diversity: At least 30% women in ExCo and Senior Management by 2030 Learning & Development¹: Provide upskilling/reskilling employee opportunities Training Attendance (hours) 45,668 50,942 29,963 30,557 FY2024 FY2025 Trainings attended cover variety of topics including Business Conduct and Compliance topics in accordance with the Bank’s Corporate Governance Policy and Framework. Women Men 45% 38% 36% Dec-23 Dec-24 Dec-25 33% FY2023 33% FY2024 ≥ 30% 2030 Target 38% FY2025 For footnotes refer to slides 70-73
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Corporate Social Responsibility (CSR) 39 SupportCy Network: Maintain leadership and continue playing an active and positive role in the community. BOC Cultural Foundation: Bank of Cyprus Cultural Foundation activities IDEA³ Innovation Center: The IDEA Innovation Center (since incorporation) Wellbeing program “Well at Work”: Education: Donations, Scholarships and Awards to University students and Foundations, contributing to the enhancement of Society education and awareness level. BOC Oncology Centre¹: Contribute and support cancer patients and their families through the Bank of Cyprus Oncology Centre. • Cumulative investment of more than c.€70 mn from 1998 to 2025 • The biggest and most successful partnership between the public and the private sector, materially contributing to Society. ~2,140 employees participated 32 events organised 35,154 24,500 34,509 FY2023 FY2024 FY2025 2 # of physical attendees FY2024 FY2025FY2023 1,000 >1,100 >1,200 Contribution to society (since establishment) (€k) 4.25 4.5 FY2024 FY2025 95 100 New companies created (#) Invested amount (€ mn) Created 130 new jobs in Cyprus Supported >260 entrepreneurs For footnotes refer to slides 70-73
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04 Appendix
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Executive Summary – Updated Financial Targets FY2022 Financial Performance Appendix Macroeconomic overview Table of contents
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Cyprus is a growing business and tech hub in the region Age: 15-64 (2024) 18% 36% 46%Tertiary Upper secondary Less than upper secondary Level of education Well educated, highly skilled labour force Labour costs significantly below the average Euro area 56 43 35 33 30 26 16 Ireland Euro area Spain Italy Cyprus Portugal Greece Compensation per employee (€ ‘000) 1 FY2024 #3 country in Europe on number of university graduates per capita in 2024 For footnotes refer to slides 70-73 Cyprus as an attractive business hub… • Cyprus is the eastern gateway to the European Union and a safe, stable and business friendly hub for the region • Largest Ship Management centre in the EU >2,300 companies registered in Cyprus since March 2022 with a large number operating in the technology industry • c.27,000 work permits granted (c.5% of labour force1) • Access to tech-savvy EU talent pool • Labour cost for tech talents below Eurozone average 42
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Executive Summary – Updated Financial Targets FY2022 Financial Performance Appendix Additional financial information Table of contents
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52% 11% 4% 31% 2% 5 6 % o f l i q u i d a s s e t s h e l d i n c a s h Robust liquidity position; significant surplus liquidity of €9.2 bn €15.2 bn 19% 61% 6% 14%€22.2 bn Diversified, mainly retail funded deposit base Highly liquid balance sheet 309% 330% 304% 313% 321% 162% 160% 169% 169% 171% 4Q2024 1Q2025 2Q2025 3Q2025 4Q2025 100% minimum requirement Liquidity ratios significantly above minimum requirements Group deposits Liquid assets 5 3 % i n s u r e d d e p o s i t s Fixed income securities per issuer type - NBV 720 813 846432 516 554718 805 839 385 374 238 1,081 1,023 Dec 24 1,245 1,147 Sep 25 1,374 1,144 Dec 25 4,212 4,911 5,131 Average size of Retail deposits: c.€31k (€ mn) Other financial & other corporations Banks Covered bonds Supranationals Other Governments Cyprus Government 44 SMEs Retail Corporate IBU NSFR LCR Cash balances with Central Banks Placements with Banks Amortised cost bonds FVOCI bonds Reverse repos
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34% 17% 21% 27%1% Up to 1 month 1-3 months 3-6 months 6-9 months Over 9 months €6.75 bn Analysis of deposits Deposits by Currency (€ bn) Deposits by Customer Sector (€ bn) Deposits by Type (€ bn) Time & Notice deposits by maturity 1% of Time and Notice deposits with maturity >12 months • ± 1 p.p. in Time and Notice deposit mix: ± c.€2 mn p.a.1 • ±10 bps in total cost of deposits: ±c.€22 mn p.a.2 Deposit sensitivities For footnotes refer to slides 70-73 Type Dec 24 Sep 25 Dec 25 Current, Demand & Savings 13.83 14.75 15.44 Time & Notice 6.69 6.71 6.75 Total 20.52 21.46 22.19 45 Sector Dec 24 Sep 25 Dec 25 Retail 12.61 13.14 13.50 SME 1.16 1.33 1.40 International Corporate 0.17 0.26 0.25 International Business Unit 4.14 4.10 4.28 Corporate 2.44 2.63 2.76 Total 20.52 21.46 22.19 Currency Dec 24 Sep 25 Dec 25 EUR 18.56 19.66 20.25 USD 1.59 1.44 1.58 GBP 0.31 0.30 0.30 Other Currencies 0.06 0.06 0.06 Total 20.52 21.46 22.19
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Income statement € mn FY2025 FY2024 yoy% 4Q2025 3Q2025 qoq% Net Interest Income 731 822 -11% 183 180 2% Net fee and commission income 180 177 2% 47 45 2% Net foreign exchange gains and net gains on financial instruments 43 36 19% 17 8 107% Net insurance result 59 46 29% 23 12 97% Net gains/(losses) from revaluation and disposal of investment properties and on disposal of stock of properties 9 (1) - 1 3 -38% Other income 18 14 25% 2 10 -77% Total income 1,040 1,094 -5% 273 258 6% Staff costs (225) (203) 11% (69) (51) 37% Other operating expenses (161) (164) -2% (45) (40) 11% Special levy on deposits and other levies/contributions (42) (39) 8% (13) (13) 0% Total expenses (428) (406) 6% (127) (104) 22% Operating profit 612 688 -11% 146 154 -5% Loan credit losses (35) (30) 14% (7) (9) -21% Impairments of other financial and non-financial assets (28) (56) -49% (11) (3) - Provisions for pending litigation, claims, regulatory and other matters (net of reversals) 0 (12) - 4 (3) - Total loan credit losses, impairments and provisions (63) (98) -36% (14) (15) -5% Profit before tax and non-recurring items 549 590 -7% 132 139 -5% Tax (66) (81) -19% (4) (20) -80% Profit attributable to non-controlling interests (2) (1) 168% 0 (1) -33% Profit after tax (attributable to the owners of the Company) 481 508 -5% 128 118 8% Operating profit 612 688 -11% 146 154 -5% Profit before tax and non-recurring items 549 590 -7% 132 139 -5% Profit after tax (attributable to the owners of the Company) 481 508 -5% 128 118 8% In July 2025, the Group received notification that the Management Committee of the Deposit Guarantee Fund resolved to increase the target level of covered deposits from 0.8% to 1.25%; Contributions will be required on a semi-annual basis from authorised institutions to reach the target level over a period of 5 years (i.e. by June 2030) starting from 2H2025 46
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Consolidated balance sheet 47 Assets (€ mn) 31.12.2025 31.12.2024 % change Cash and balances with central banks 7,933 7,601 4% Loans and advances to banks 576 821 -30% Reverse repurchase agreements 1,619 1,010 60% Debt securities, treasury bills and equity investments 5,324 4,358 22% Net loans and advances to customers 10,798 10,114 7% Stock of property 372 649 -43% Investment properties 28 36 -22% Other assets 1,918 1,872 3% Non-current assets and disposal groups held for sale - 23 -100% Total assets 28,568 26,484 8% Total assets 28,568 26,484 8% Liability and equity (€ mn) 31.12.2025 31.12.2024 % change Deposits by banks 404 364 11% Customer deposits 22,187 20,519 8% Debt securities in issue 983 989 -1% Subordinated liabilities 379 307 23% Other liabilities 1,665 1,475 13% Total liabilities 25,618 23,654 8% Shareholders’ equity 2,710 2,590 5% Other equity instruments 220 220 - Total equity excluding non-controlling interests 2,930 2,810 4% Non-controlling interests 20 20 -2% Total equity 2,950 2,830 4% Total liabilities and equity 28,568 26,484 8% Total equity 2,950 2,830 4% Total liabilities and equity 28,568 26,484 8% Total liabilities 25,618 23,654 8% Shareholders’ equity 2,710 2,590 5% Total equity excluding non-controlling interests 2,930 2,810 4% As at 31 December 2025 there were 435,686,031 issued ordinary shares
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TBV adjusted for excess CET1 capital on a 15% CET1 ratio ROTE on 15% CET1 ratio 48For footnotes refer to slides 70-73 ROTE on 15% CET1 € mn Dec 24 Sep 25 Dec 25 Shareholders’ equity 2,590 2,605 2,710 - Intangible assets (50) (51) (52) - Distribution (241)3 (151)2 (218)1 - Excess CET1 capital on a 15% CET1 ratio (450) (570) (621) = TBV adjusted for excess CET1 capital on a 15% CET1 ratio 1,849 1,833 1,819 Average TBV for excess CET1 capital on a 15% CET1 ratio 1,839 1,824 1,823 € mn Dec 24 Sep 25 Dec 25 PAT annualised 508 472 481 Average TBV adjusted for excess CET1 capital on a 15% CET1 ratio 1,839 1,824 1,823 = ROTE on 15% CET1 27.6% 25.9% 26.4%
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Capital position; quarterly evolution Regulatory CET1 Sep 25 1.1% 3Q2025 profits (0.9%) Distribution accrual CET1 incl. Retained Earnings Sep 25 1.2% 4Q2025 profits (0.6%) Proposed final dividend (0.1%) AT1 Coupon CET1 ratio Dec 25 4.9% AT1 & T2 Total Capital Ratio Dec 25 20.2% 20.5% 21.0% 25.9% 3,4 5 12.16% 16.75% 2 min OCR1 requirement January 2026 For footnotes refer to slides 70-73 5 49
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Risk weighted assets– regulatory capital 50For footnotes refer to slides 70-73 Risk weighted assets by geography Reconciliation of group equity to CET1 Risk weighted assets by type of risk Regulatory capital (€ mn) € mn 31.12.23 31.12.24 30.09.25 31.12.25 Cyprus 10,297 10,810 10,403 10,403 Overseas 44 24 36 21 RWAs 10,341 10,834 10,439 10,424 RWA intensity 39% 41% 37% 36% € mn 31.12.23 31.12.24 30.09.25 31.12.252 CET1 capital 1,798 2,075 2,114 2,185 Tier I capital 2,018 2,295 2,334 2,405 Tier II capital 300 307 294 295 Total regulatory capital (Tier I + Tier II) 2,318 2,602 2,628 2,700 € mn 31.12.25 Shareholder’s equity 2,710 Less: Intangibles (25) Less: Deconsolidation of insurance entities and other entities (156) Less: Regulatory adjustments (incl. foreseeable charges) (344)1 CET1 2,185 Risk Weighted Assets 10,424 CET1 ratio 21.0%2 CET1 ratio fully loaded 20.6%2 € mn 31.12.23 31.12.24 30.09.25 31.12.25 Credit risk 9,013 9,172 9,200 9,150 Market risk - - - - Operational risk 1,328 1,662 1,239 1,274 Total 10,341 10,834 10,439 10,424
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c.1.88% 2.50% 2.75% 2.00% 1.50% 4.50% Dec 24 c.0.90% c.1.94% 2.50% 2.75% 2.00% 1.50% 4.50% Dec 25 c.1.50% c.0.92% 2.50% 2.50% 2.00% 1.50% 4.50% Jan 26 CCyB O-SII CCB Pillar 2R Tier 2 AT1 Pillar 1 16.05% 16.08% 16.75% 2.25% c.0.92% c.1.88% 2.50% 1.55% 4.50% Dec 24 c.0.90% c.1.94% 2.50% 1.55% 4.50% Dec 25 c.1.50% 2.25% 2.50% 1.41% 4.50% Jan 26 CCyB O-SII CCB Pillar 2R Pillar 1 11.34% 11.38% c.12.16% CET1 ratio Total capital ratio Overall capital requirements 51 Total Pillar 1: 8% CET1 and Total capital ratio minimum capital requirements on 31 December 2025 are set at 11.38% and 16.08% respectively Pillar 2 requirement decreased by 25 bps to 2.50%, effective from Jan 2026 based on SREP decision Total O-SII buffer increased to 2.25%, from 2.00% effective from Jan 2026 Countercyclical buffer (CCyB) for exposures in Cyprus increased to 1.5% in January 2026 following decision by CBC in January 2025 Based on SREP decision, the non-public guidance for an additional P2G is revised downwards, effective from January 2026
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Buffer to MDA restrictions level & distributable items Significant CET1 MDA buffer as at 31 December 2025: 958 bps1 (€999 mn1) Distributable items2 of €2,332 mn for BOCH as at 31 December 2025 CET1 Ratio CET1 ratio Dec 25 MDA threshold Dec 25 21.0% 11.4% Distance to MDA: 958 bps 1 For footnotes refer to slides 70-73 52
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9.3% c.5.3% 20.7% Dec 25 (as % of RWAs) 35.3% Significant buffer above the MREL requirement MREL (% of RWAs) 5 5 c.5.3% 24.0% MREL requirement (as % of RWAs) Dec 25 c.6.3% 24.0% MREL requirement (as % of RWAs) Jan 26 29.4% 30.3% 4 For footnotes refer to slides 70-73 53 Senior preferred liabilities Own funds CBR1 MREL ratio including capital used to meet the CBR1 ( as % of RWAs) at 35.3%2 as at 31 December 2025 MREL ratio (as % of Leverage Ratio Exposure (LRE)) at 13.1%2 as at 31 December 2025 Based on SRB communication received in December 2025, MREL requirement3 is now set at; • 24.03% of RWAs plus prevailing CBR1 • 5.91% of LRE Distance to M-MDA restriction as at 31 December 2025 at 593 bps (€618 mn)2,5 The CBR1 increased further in January 2026 (for more details refer to slide 51)
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Income statement bridge1 for FY2025 54For footnotes refer to slides 70-73 € mn Underlying basis Other Statutory basis Net interest income 731 - 731 Net fee and commission income 180 - 180 Net foreign exchange gains and net gains on financial instruments 43 1 44 Net losses on derecognition of financial assets measured at amortised cost - (2) (2) Net insurance result 59 - 59 Net gains from revaluation and disposal of investment properties and on disposal of stock of properties 9 - 9 Net interest income 18 - 18 Total income 1,040 (1) 1,039 Total expenses (428) - (428) Operating profit 612 (1) 611 Loan credit losses (35) 35 - Impairment of other financial and non-financial assets (28) 28 - Provisions for pending litigation, claims, regulatory and other matters (net of reversals) - - - Credit losses on financial assets and impairment net of reversals of non-financial assets - (62) (62) Profit before tax 549 - 549 Tax (66) - (66) Profit attributable to non-controlling interests (2) - (2) Profit after tax - attributable to the owners of the Company 481 - 481
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Analysis of interest income and interest expense 55 Analysis of Interest Income (€ mn) 1Q2024 2Q2024 3Q2024 4Q2024 1Q2025 2Q2025 3Q2025 4Q2025 Loans and advances to customers 138 139 139 132 124 121 119 119 Loans and advances to banks and central banks 92 73 69 64 57 46 42 42 Repurchase agreements 4 7 8 8 8 8 8 10 Investments and other financial assets at amortised costs 25 27 29 30 29 31 31 33 Investments FVOCI 2 2 2 2 2 2 2 2 261 248 247 236 220 208 202 206 Net derivative financial instruments 5 5 4 4 3 3 2 2 Total Interest Income 266 253 251 240 223 211 204 208 FY2024 FY2025 548 483 298 187 27 34 111 124 8 8 992 836 18 10 1,010 846 Analysis of Interest Expense (€ mn) Customer deposits (15) (17) (19) (17) (18) (15) (14) (15) Funding from central banks and deposits by banks (21) (5) (3) (2) (2) (2) (2) (2) Loan stock (13) (16) (17) (18) (17) (17) (17) (17) (49) (38) (39) (37) (37) (34) (33) (34) Net derivative financial instruments (4) (8) (8) (5) - 5 9 9 Total Interest Expense (53) (46) (47) (42) (37) (29) (24) (25) (68) (62) (31) (8) (64) (68) (163) (138) (25) 23 (188) (115)
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Income statement by business line for FY2025 56The above analysis is prepared on the basis of the Bank’s internal MIS, which includes FTP and central cost allocation € mn Consumer Banking SME Banking Corporate Banking IBU & International corporate RRD REMU Insurance Treasury JCC Other Total Net interest income/(expense) 343 52 131 126 9 (10) 1 89 - (10) 731 Net fee & commission income/(expense) 67 11 20 48 2 - (9) 5 29 7 180 Other income 3 1 1 8 - 24 72 13 5 2 129 Total income 413 64 152 182 11 14 64 107 34 (1) 1,040 Total expenses (193) (25) (44) (49) (17) (13) (13) (17) (22) (35) (428) Operating profit/ (loss) 220 39 108 133 (6) 1 51 90 12 (36) 612 Loan credit losses of customer loans net of gains/(losses) on derecognition of loans and changes in expected cash flows (12) (7) (13) (9) 6 - - - - - (35) Impairment of other financial and non-financial instruments - - - 1 - (29) (1) - - 1 (28) Provision for pending litigations, claims regulatory and other matters (net of reversals) - - - - - - - - - - - Profit/ (loss) before tax 208 32 95 125 - (28) 50 90 12 (35) 549 Tax (15) (2) (1) (9) - - (6) (9) (1) (23) (66) Profit attributable to non-controlling interest - - - - - - - - (2) - (2) Profit/(loss) after tax and before non-recurring items (attributable to the owners of the Company) 193 30 94 116 - (28) 44 81 9 (58) 481
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Statutory income statement for insurance businesses for FY2025 57 Income statement based on the statutory financial statements of Eurolife and Genikes Insurance and including transactions with the Bank For footnotes refer to slides 70-73 € mn FY2025 FY2024 yoy% Insurance revenue 74.6 69.2 8% Insurance service expense (61.6) (38.1) 62% Net insurance service result 13.0 31.1 -58% Reinsurance revenue 30.7 9.6 - Reinsurance service expense (31.0) (28.0) 11% Net reinsurance service result (0.3) (18.4) -98% Insurance finance expense (0.8) (1.7) -53% Reinsurance finance income 0.3 0.6 -46% Net insurance financial result (0.5) (1.1) -58% Insurance service result 12.2 11.6 5% Other income 10.3 1.8 - Staff costs (non-attributable) (3.1) (2.3) 36% Other operating costs (non-attributable) (2.6) (2.4) 8% Revaluation/disposal gains on investments 0.8 0.9 -11% Total net income/ (expenses) 5.4 (2.0) - Profit before tax 17.6 9.6 82% Tax expense (2.3) (1.1) 115% Profit after tax 15.3 8.5 78% € mn FY2025 FY2024 yoy% Insurance revenue 87.7 81.2 8% Insurance service expense (46.3) (44.3) 4% Net insurance service result 41.4 36.9 12% Reinsurance revenue 22.1 19.7 12% Reinsurance service expense (28.1) (28.0) 0% Net reinsurance service result (6.0) (8.3) -28% Net insurance finance expense (34.5) (60.6) -43% Net reinsurance finance income/(expense) 0.2 (1.4) - Profit/(loss) from investment and occupational pension contracts 0.1 (0.9) - Insurance service result 1.2 (34.3) - Other income 0.6 0.7 -25% Staff costs (non-attributable) (3.1) (0.3) - Other operating costs (non-attributable) (2.8) (2.3) 24% Net revaluations and/or sale on financial assets at fair value through profit or loss1 34.4 60.9 -43% Total net income 29.1 59.0 -51% Profit before tax 30.3 24.7 23% Tax expense (3.0) (1.3) 133% Profit after tax 27.3 23.4 17%
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Leading card processing and payment solutions business in Cyprus Strong transaction growth in value; up 14% yoy Value of transactions (€ mn) FY2022 FY2023 FY2024 FY2025 11,830 14,003 15,901 18,049 +14% FY2024 FY2025 28.3 29.6 5% Net fee and commission income FY2024 FY2025 9.3 10.3 +10% (€ mn) (€ mn) Recurring PAT2 Net fee and commission income up 5% yoy, driven by higher volume of transactions and by structural improvements in third-party cost absorption Recurring PAT2 up 9% yoy mainly on higher net fee and commission income One-stop shop, providing various innovative solutions Backed by the Group with 75% stake For footnotes refer to slides 70-73 58 11% Contribution to non-NII 19% ROE 79% Market share1
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JINIUS; leader in shaping the digital local economy Business-to-Business (B2B) • Electronic Invoicing • Remittance management • Tenders management • Ecosystem management Business-to-Consumer (B2C) • First service launched in April 2024 • Product Marketplace (14 product categories, including Fashion, Technology, Beauty etc). Further categories to be introduced • Jinius Mobile Apps (iOS and Android) • Enables seamless access to financial products such as Fleksy, QuickLoans and Insurance products • Non-NII generation through transaction and merchant fees • Increased use of the Group’s banking services Contribution to the Group Going forward… • Embed banking services & insurance products in Jinius (i.e do Fleksy) • Dealers and Developer Portals will facilitate lending, bringing the Group closer to time and place of need 59
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Executive Summary – Updated Financial Targets FY2022 Financial Performance Appendix Additional Asset Quality Slides Table of contents
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Well diversified loan portfolio with high quality collateral Gross performing loans1 by business sector of €10.87 bn € bn 0.754.11Private Individuals Hotels & Catering Trade Real Estate Other sectors Professional & Other services Transportation (including shipping) Manufacturing Construction Other 4.86 1.19 0.91 0.89 0.88 0.70 0.58 0.46 0.40 Housing For footnotes refer to slides 70-73 61 LTV2 Private individuals Housing €4.11 bn Private individuals Other €0.75 bn Business €6.01 bn <80% 91% 26% 70% >80% 9% 74% 30%
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Loans by economic activity, customer type and arrears analysis For footnotes refer to slides 70-73 62 Gross loans by customer type (€ mn) Dec 241 Sep 252 Dec 25 Retail 3,607 3,678 3,740 Retail other 1,075 1,109 1,115 SME 998 995 1,005 International Corporate 961 1,186 1,356 Corporate 3,620 3,833 3,739 Total 10,261 10,801 10,955 Gross loans (€ mn) Dec 241 Sep 252 Dec 25 Trade 904 903 921 Manufacturing 317 461 460 Hotels & Catering 1,153 1,202 1,188 Construction 490 401 397 Real Estate 906 936 905 Private Individuals 4.761 4,848 4,924 Professional and other services 636 731 700 Other sectors 1,094 1,319 1,460 Total 10,261 10,801 10,955 NPE ratio Dec 241 Sep 252 Dec 25 Trade 1.9% 1.6% 1.4% Manufacturing 1.1% 0.7% 0.5% Hotels & Catering 0.2% 0.1% 0.1% Construction 0.6% 0.4% 0.4% Real Estate 2.3% 1.3% 1.3% Private Individuals 2.5% 1.6% 1.5% Professional and other services 5.1% 3.1% 3.3% Other sectors 0.3% 0.1% 0.1% Total 2.0% 1.2% 1.2% Loans arrears analysis (€ mn) Dec 241 Sep 252 Dec 25 Loans with no arrears 10,040 10,648 10,806 Loans with arrears but not NPEs 19 19 22 NPEs with no arrears 99 56 54 NPEs Up to 30 DPD 1 2 2 NPEs 31-90 DPD 2 5 2 NPEs 91-180 DPD 7 5 7 NPEs 181-365 DPD 12 24 22 NPEs Over 1 year DPD 81 42 40 Total loans 10,261 10,801 10,955
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Gross loans by IFRS 9 stage 802 771 804202 9,257 Dec 24 134 9,896 Sep 25 127 10,024 Dec 25 Stage 3 Stage 2 Stage 1 10,261 10,801 10,955 % of gross loans 1 2 Gross loans by IFRS 9 stage Dec 24 Sep 25 Dec 25 7.8% 7.1% 7.3% Coverage Stage 2 as % of gross loans Dec 24 Sep 25 Dec 25 2.0% 1.2% 1.2% Stage 2 ratio and coverage Stage 3 ratio and coverage 1 2 Bank’s IFRS 9 macroeconomic assumptions 103 63 61 74 40 35187 Dec 24 1417 Sep 25 1417 Dec 25 202 134 127 Stage 3 loans € mn € mn 1 2 Retail Corporate SMEs Re performing (including UTPs)3 For footnotes refer to slides 70-73 63 Base line GDP rate Unemployment rate 2025 3.4% 4.4% 2026 2.6% 4.3% 92% 7% 1% 6.3% 6.4%5.0% Coverage 65% 70%56% Stage 3 as % of gross loans
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Stage 2 exposures at 7% of loan book; 99% of exposures present no arrears FY2022 FY2023 FY2024 FY2025 2.2% 5.2% 1.9% 2.5% Limited migration rate1 of Stage 2 to Stage 3 at 2.5% Stage 2 loans are collateralised at c.90% 7% of gross loans classified as Stage 2 of which: • 34% were classified as Stage 2 due to forbearances; • c.50% expected to exit the forborne status in 2026 and hence be eligible for transfer to Stage 1 6.1% 6.2% 7.0% 9.0% 5.4% 4.0% 287 205 166 62 55 29 Dec 25 Private individuals Other Construction Real estate Trade Hotel & catering 804 Provision coverage € mn For footnotes refer to slides 70-73 64 • €276 mn (34%) Performing Forborne • €204 mn (25%) Individual assessments • €262 mn (33%) SICR1 • €33 mn (4%) POCI Migration to Stage 3 as a % of Stage 2 loans Days past due 0 dpd 1-30 dpd >30 dpd Private Individuals 98% 1% 1% Business 99% 1% 0% LTV 0-75% 75%-100% >100% Private Individuals 69% 4% 27% Business 72% 2% 26% Total 71% 3% 26%
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Rescheduled Loans Rescheduled loans1 by customer type Fair value of collateral and credit enhancements For footnotes refer to slides 70-73 € bn Dec 24 Sep 25 Dec 25 Retail housing 0.09 0.05 0.04 Retail other 0.02 0.02 0.01 SMEs 0.03 0.02 0.02 International corporate - - - Corporate 0.24 0.29 0.29 Total 0.38 0.38 0.36 Loans and advances to customers (€ mn) Dec 25 Cash 608 Securities 576 Letters of credit / guarantee 231 Property 17,121 Other 309 Surplus collateral (9,681) Net collateral 9,164 Rescheduled loans1 € bn Dec 25 Stage 1 - Stage 2 0.28 Stage 3 0.06 POCI 0.02 FVPL - Total 0.36 65
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REMU - the engine for dealing with foreclosed assets Organic sales1 comfortably above Book Value 0.0 0.5 1.0 1.5 2.0 Dec 22 Dec 23 Dec 24 Mar 25 Jun 25 Sep 25 Dec 25 1.08 0.86 0.66 0.63 0.44 0.42 0.38 -€283 mn Evolution of REMU repossessed stock Group BV (€ mn) # properties Dec 25 c.0.5Group BV (€ bn) REMU repossessed stock reduced to €377 mn in December 2025 1 Jan 2025 10 Additions (265) Sales (28) Impairments & fair value losses 31 Dec 2025 660 377 80% 76% 72% BV to OMV 71% 3 72% 71% 100.0 86.3 93.5 97.8 102.3 6.6 8.3 4.5 5.0 -6.0 -4.0 -2.0 0.0 2.0 4.0 6.0 8.0 10.0 60.0 70.0 80.0 90.0 100.0 110.0 120.0 130.0 140.0 150.0 1Q2010 4Q2012 4Q2016 4Q2017 4Q2018 4Q2019 4Q2020 4Q2021 1Q2022 2Q2022 3Q2022 4Q2022 1Q2023 2Q2023 3Q2023 4Q2023 1Q2024 2Q2024 3Q2024 4Q2024 1Q2025 2Q2025 3Q2025 % change y-o-y (RHS) Residential property prices up 5.0%2 yoy in 3Q2025 69% 112% 111% 112% 111% 106% 102% 107% 94% 85% 87% 89% 89% 81% 75% FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 Net proceeds to BV Gross proceeds to OMV For footnotes refer to slides 70-73 2,527 2,202 2,064 2,033 1,983 1,917 1,864 Residential Property Price index (2010Q1 = 100) 66
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179 330 238 345 91 149 184 213 194 290 160 100 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 505 249 Sales €2.47 bn Sales € mn (contract prices1) 99 331 575 579 Breakdown of cumulative sales1 by on-boarding year (€ mn) 422 935 489 256 139 14289 91% 90% 82% 81% 492 1,130 REMU - the engine for dealing with foreclosed assets 674 €2.47 bn sales1 of 5,317 properties across all property classes since set-up 38% 7%28% 13% 7% 7% Cumulative sales by property type; 38% of sales relate to land Sales contract price – 31 December 2025 71% €2.47 bn €2.47 bn1 290 247 Total Sales FY2025 31 Commercial 12 Residential Land (including golf) 107% 75% 110% 82% 126% 89% 106% 73% €290 mn sales1 in FY2025; comfortably above Book Value 569 486 382 For footnotes refer to slides 70-73 67 Helix 3 and Sinope Organic salesCyreit # properties Overseas Net Proceeds/BV Gross Proceeds/OMV Legacy2 2017 2019 2021-2025 2016 2018 2020 % Sales of vintage stock (BV)3 Cyreit Residential Commercial (including hotels) Golf Land
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REMU - the engine for dealing with foreclosed assets Sales contracts (excl. DFAs)1 up 15% yoy 2019 4,983 2,985 2020 6,656 3,691 2021 7,481 5,928 2022 8,667 6,900 2023 9,569 4,875 FY2024 10,859 7,255 FY2025 4,367 2018 5,885 4,481 9,242 10,366 7,968 10,347 13,409 15,567 15,797 18,114 6,228 +15% 377 523 Jan 19 Additions (1,353) Sales (18) Transfers to own properties (263) Impairment & FV loss Dec 25 1,488 Repossessed properties sold exceed properties acquired since 2019 Group BV (€ mn) Pipeline of €18 mn by contract value as at 31 December 2025, of which €9 mn relates to SPAs signed 222 31 63 41 20 31 December 2025 REMU repossessed stock by type €377 For footnotes refer to slides 70-73 68 Sales to Cypriots Sales to non-Cypriots Overseas Residential Commercial & Manufacturing Golf Land Based on data from Land of Registry
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Executive Summary – Updated Financial Targets FY2022 Financial Performance Appendix Footnotes Table of contents
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Footnotes Slide 6 - Cypriot economy continues to outpace the Eurozone Source: Cystat, Eurostat 1) In accordance with Ministry of Finance October 2025 2) In accordance with Autumn 2025 Economic Forecast of European Commission 3) Harmonised Index of Consumer Prices Slide 7 - Full employment and robust sovereign rating Source: Cystat, Eurostat 1) In accordance with Ministry of Finance October 2025 2) As at November 2025, in accordance with Ministry of Finance January 2026 3) In accordance with Autumn 2025 Economic Forecast of European Commission Slide 8 - FY2025 highlights 1) Attributable to the owners of the Company 2) Excluding special levy on deposits and other levies/contributions 3) Pre RWA and other movements, based on profit after tax (pre-distributions) and after AT1 coupon payment (where applicable) 4) €87 mn interim dividend paid in October 2025; proposed final cash dividend of €0.50 per ordinary share is subject to approval at the AGM scheduled on 15 May 2026 and amounts to €218 mn Slide 9 - 2025 distribution at 70% payout, at top end of distribution policy 1) Based on the share price as at 31 December 2025 2) Subject to approval at the AGM scheduled on 15 May 2026 Slide 10 - Increasing and sustainable shareholder value creation 1) Proposed final dividend of €0.50 per ordinary share subject to approval at the AGM scheduled on 15 May 2026 2) Pre RWA and other movements, based on profit after tax (pre-distributions) and after AT1 coupon payment (where applicable) Slide 11 - FY2025 targets achieved 1) Calculated on adjusted recurring profitability 2) Excluding special levy on deposits and other levies/contributions 3) Pre RWA and other movements, based on profit after tax (pre-distributions) and after AT1 coupon payment (where applicable) Slide 13 - 4Q2025 snapshot 1) Excluding special levy on deposits and other levies/contributions 2) Voluntary staff exit plan Slide 14 - Income statement 1) Following an in-principle agreement reached with the Cyprus Government in November 2025 Slide 15 - Highly liquid, customer funded and growing balance sheet 1) Average interest earning assets 2) Linked to the weighted average of the average interest rate paid on euro-denominated household deposits in the Republic of Cyprus (outstanding amounts) by euro area residents with agreed maturities of up to 2 years as published on the website of the Central Bank of Cyprus and the Bank’s cost of wholesale funding 3) Loans with fixed rate period >2 years Slide 16 - 2025 NII of €731 mn; demonstrating resilience on lower rates 1) Does not include the impact of IRSs on hedging of non maturing deposits 2) Average interest earning assets Slide 17 - Continued hedging actions further reducing NII sensitivity 1) Interest Rate Swaps 2) Collateralised lending agreements between banks with initial maturity > 1 year 3) Loans with fixed rate period >2 years 4) Linked to the weighted average of the average interest rate paid on euro-denominated household deposits in the Republic of Cyprus (outstanding amounts) by euro area residents with agreed maturities of up to 2 years as published on the website of the Central Bank of Cyprus and the Bank’s cost of wholesale funding 5) Based on key assumptions, refer to slide 77 Slide 18 - Deposits up 8% yoy; deposit pricing maintained low 1) Does not include the impact of IRSs on hedging of non maturing deposits 2) Source for peers: ECB for Significant institutions for 3Q2025 (latest available) Slide 19 - Record new lending of €3.0 bn in FY2025 1) Facilities/limits approved in the reporting period 70
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Footnotes Slide 20 Gross performing loans up 8% yoy; growth continues across all business lines 1) Includes Corporate, International corporate, International business services, SME and Retail. Glossary and Definitions Slide 22 - Non-NII covering 70-80% of total operating expenses 1) Net of non-recurring items; FY2024: relates to insurance reimbursement and release of lease liability of €3 mn and the negative impact from models’ recalibration of life insurance of €3 mn. FY2025: relates to insurance reimbursement of €10 mn (€2 mn in 4Q2025 and €8 mn in 3Q2025) and release on premium tax of life insurance as part of the latest tax reform of €5 mn (all recognised in 4Q2025) 2) Excluding special levy on deposits and other levies/contributions 3) Net of non-recurring items; FY2024: relates to the negative impact from models’ recalibration of life insurance of €3 mn. FY2025: relates to the release on premium tax of life insurance as part of the latest tax reform of €5 mn (all recognised in 4Q2025) Slide 23 - Life and Non-Life insurance business – valuable and sustainable contribution to the Group 1) Contribution to the Group. Adjusted to exclude intercompany transactions between insurance companies and the Bank 2) For FY2024: excluding the negative impact from models’ recalibration of €3 mn. For FY2025: excluding the release on premium tax as part of the latest tax reform of €5 mn (refer to slide 22) 3) For FY2024: excluding the negative impact from models’ recalibration of €3 mn and other non-recurring items. For FY2025: excluding the release on premium tax as part of the latest tax reform of €5 mn and other non-recurring items 4) Based on preliminary statistics of the Insurance Association of Cyprus (https://www.iac.org.cy/en/statistics/iac-statistical-results) as at 31 December 2025 (combined with Ethniki). Life market share for Ethniki Insurance has been adjusted to exclude single premiums and include Accident and Health premiums, in line with Bank’s approach 5) Combined Solvency Ratio with Ethniki Insurance (4Q2025 quarterly submission) 6) Excluding one-off insurance reimbursement of €10 mn and other non-recurring items Slide 24 – Leveraging digital offerings to enhance Group’s sales and customer experience… 1) Current balance of QuickLoans & Digital Housing Loans Slide 25 …while continuously investing in digital initiatives engaging clients 1) As at 31 December 2025 2) Gross Merchandise Value Slide 26 - Cost to income ratio remains low at 37% in FY2025 1) Excluding special levy on deposits and other levies/contributions Slide 27 - Healthy asset quality; NPE ratio at 1.2% & REMU stock <€0.4 bn 1) Pro forma of HFS: Agreement for the sale of €35 mn NPEs; completed in 4Q2025 Slide 28 - Robust capital position; CET1 at 21.0% 1) Based on final SREP decision in October 2025 ; OCR - Overall Capital Requirement. For more details refer to slide 51 2) Including interim divided paid in October 2025 and foreseeable charges for final divided 3) Including unaudited/ preliminary profits for the year ended 31 December 2025 in line with the ECB Decision (EU) (2015/656) on the recognition of interim or year-end profits in CET1 capital in accordance with Article 26(2) of the CRR net of a total distribution at 70% payout ratio out of FY2025 adjusted recurring profitability 4) Pre RWA and other movements, based on profit after tax (pre-distributions) and after AT1 coupon payment (where applicable) 5) Final dividend subject to approval at the AGM scheduled on 15 May 2026 Slide 33 - Key milestones achieved by FY2025 1) European Sustainability Reporting Standards Slide 34 - ESG Journey 1) International Energy Agency below 2 Degree scenario 2) United Nations Environnent Programme Finance Initiative 3) Green Loan Principles 4) Loan Market Association Slide 35 - Delivering on our ESG commitments 1) European Banking Authority 71
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Footnotes Slide 36 - Delivering on our ESG commitments 1) GHG Emissions – Scope 1 and Scope 2 (excluding Scope 1- Fugitive) estimation consists of BOC PCL (excluding subsidiaries). 2) Green Housing product is aligned with Green Loan Principles (GLP) of Loan Market Association (LMA). Variable Green Housing product and a Fixed Green Housing product were launched at the end of 2023 and 9M2024 respectively 3) The reduction of Scope 1 and Scope 2 GHG emissions mainly derives from the reduction on electricity consumption following energy efficiency measures implemented and building usage optimisation. Slide 37 - Delivering on our ESG commitments 1) The EPC is available at collateral level in the Group’s database therefore the one to one (one account number one collateral property with EPC A) assumption has been applied to identify the Green Housing loans. 2) Reduction of paper consumption metric is not assessed as a material disclosure data point to be reported in Sustainability Statement for FY2024 and FY2025 prepared in accordance with the European Sustainability Reporting Standards (ESRS) under Corporate Sustainability Reporting Directive (CSRD). Slide 38 - Delivering on our ESG commitments 1) Learning & Development is not assessed as a material topic to be reported in Sustainability Statement for FY2024 and FY2025 prepared in accordance with the European Sustainability Reporting Standards (ESRS) under Corporate Sustainability Reporting Directive (CSRD). Training hours are disclosed as metrics in the Sustainability Statements of FY2024 and FY2025 for those Impacts, Risks or Opportunities that were assessed as material during the Double Materiality Assessment process. Slide 39 - Corporate Social Responsibility (CSR) 1) BOC Oncology Centre contribution assessed as a material topic (Entity Specific) to be reported in Sustainability Statement for FY2024 and FY2025 prepared in accordance with the European Sustainability Reporting Standards (ESRS) under Corporate Sustainability Reporting Directive (CSRD). The rest of the metrics presented in the slide are not assessed as material nor disclosed in the Sustainability Statement of FY2024 and FY2025. 2) The Foundation’s premises and museums were closed from March 2024 to June 2024 for renovation purposes so to launch the new exhibition ‘Cyprus Insula’ from 4 July 2024 to 30 June 2025. Therefore, the number of participants were reduced compared to FY2023. 3) IDEA Innovation Centre is the largest non-profit incubator-accelerator for start-ups and an entrepreneurship hub for Cypriot young entrepreneurs, founded by Bank of Cyprus and other Partners. Slide 42 - Cyprus is a growing business and tech hub in the region 1) Data for labour force is as at 30 September 2025 (Labour force age 15-64) Slide 45 - Analysis of deposits 1) Calculation assuming that the cost of deposit remains unchanged 2) Calculation assuming that deposits balance and mix remain unchanged Slide 48 - ROTE on 15% CET1 Ratio 1) Includes proposed distribution at the top end of distribution policy (i.e. 70% payout ratio) on FY2025 Adjusted Recurring Profitability net of interim dividend paid in October 2025 2) Includes distribution accrual at the top end of distribution policy (i.e. 70% payout ratio) on 9M2025 Adjusted Recurring Profitability net of interim dividend paid in October 2025 3) For December 2024 the full amount of the proposed FY2024 distribution is adjusted Slide 49 - Capital position; quarterly evolution 1) OCR - Overall Capital Requirement (refer to slide 51 ) 2) Including unaudited/unreviewed profits for 3Q2025 and a distribution accrual thereon at the top end of the Group’s distribution policy 3) Calculated based on 70% payout ratio out of 4Q2025 adjusted recurring profitability 4) Including foreseeable charges 5) Including unaudited/ preliminary profits for the year ended 31 December 2025 in line with the ECB Decision (EU) (2015/656) on the recognition of interim or year-end profits in CET1 capital in accordance with Article 26(2) of the CRR net of a total distribution at 70% payout ratio out of FY2025 adjusted recurring profitability Slide 50 - Risk weighted assets– regulatory capital 1) Includes distribution accrual for the period ended 31 December 2025 at the top end of the Group’s distribution policy. It also includes other prudential adjustments, as described in Section ‘B.2.1 Capital Base’ of press release 2) Includes unaudited/ preliminary profits for the year ended 31 December 2025 in line with the ECB Decision (EU) (2015/656) on the recognition of interim or year-end profits in CET1 capital in accordance with Article 26(2) of the CRR net of a total distribution at 70% payout ratio out of FY2025 adjusted recurring profitability Slide 52 - Buffer to MDA restrictions level & distributable Items 1) Includes unaudited/ preliminary profits for the year ended 31 December 2025 in line with the ECB Decision (EU) (2015/656) on the recognition of interim or year-end profits in CET1 capital in accordance with Article 26(2) of the CRR net of a total distribution at 70% payout ratio out of FY2025 adjusted recurring profitability 2) Distributable Items definition per CRR 72
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Footnotes Slide 53 - MREL requirement met with significant buffer 1) The CBR increased as a result of the phasing in of O-SII to 2.25% on 1 January 2026 as well as the increase of CcyB for exposures in Cyprus to 1.5% in January 2026 (refer to slide 51 for further details) 2) Includes unaudited/ preliminary profits for the year ended 31 December 2025 in line with the ECB Decision (EU) (2015/656) on the recognition of interim or year-end profits in CET1 capital in accordance with Article 26(2) of the CRR net of a total distribution at 70% payout ratio out of FY2025 adjusted recurring profitability 3) The revised MREL requirement became binding with immediate effect 4) MREL-Eligible Senior Preferred Notes and other MREL eligible liabilities 5) Calculated against the final MREL requirement of 24.03% of RWAs (+ CBR as at 31 December 2025) Slide 54 - Income statement bridge for FY2025 1) Please refer to section B.1 ‘Reconciliation of Interim Consolidated Income Statement for the year ended 31 December 2025 between the statutory and underlying basis’ of the Results Announcement Slide 57 - Statutory income statement for insurance businesses for FY2025 1) Includes net revaluations and/or sale on policyholder assets included within “Net Insurance result” line in the Group’s Income Statement Slide 58 - Leading card processing and payment solutions business in Cyprus 1) As at 31 December 2025, based on internal estimates 2) Contribution to the Group Slide 61 - Well diversified loan portfolio with high quality collateral 1) Gross loans as at 31 December 2025 of Corporate (incl. IB and International corporate), SME and Retail 2) Loan to Value (LTV) is calculated as the Gross IFRS Balance to the indexed market value of the property. Under Pillar 3 disclosures LTV is calculated as the Gross IFRS Balance to the indexed market value of collateral. Collateral takes into consideration the mortgage amount registered in the land registry plus legal interest from registration date to the reference date Slide 62 - Loans by economic activity, customer type and arrears analysis 1) Pro forma for HFS; Agreement for the sale of €27 mn NPEs in 3Q2024 and c.€39 mn in 4Q2024 ; completed in 1Q2025 2) Pro forma for HFS; Agreement for the sale of €35 mn NPEs, completed in 4Q2025 Slide 63 - Gross loans by IFRS 9 stage 1) Pro forma for HFS; Agreement for the sale of €27 mn NPEs in 3Q2024 and c.€39 mn in 4Q2024 ; completed in 1Q2025 2) Pro forma for HFS; Agreement for the sale of €35 mn NPEs, completed in 4Q2025 3) In pipeline to exit NPEs subject to meeting all exit criteria; the analysis is performed on a customer basis Slide 64 - Stage 2 exposures at 7% of loan book; 99% of exposures present no arrears 1) Significant increase in credit risk Slide 65 - Rescheduled loans 1) Rescheduled loans are presented net of fair value Slide 66 - REMU - the engine for dealing with foreclosed assets 1) Amounts as per Sales Purchase Agreements (SPAs) 2) Source: Central Bank of Cyprus: Residential Property Price index report published on 9 December 2025 https://www.centralbank.cy/en/publications/residential-property- price-indices 3) Including transfer of c.€1 mn Slide 67 - REMU - the engine for dealing with foreclosed assets 1) Amounts as per Sales Purchase Agreements (SPAs) 2) Legacy properties relate to properties that were on-boarded before REMU set-up in January 2016 3) The BV of the properties disposed at the date of disposal as a proportion of the: BV of the properties disposed at the time of the disposal plus the BV of the residual properties managed by REMU as at 31 December 2025 Slide 68 - REMU - the Engine for Dealing with Foreclosed Assets 1) Based on data from Land of Registry - Sales contracts 73
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Executive Summary – Updated Financial Targets FY2022 Financial Performance Appendix Glossary & Definitions Table of contents
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Glossary & Definitions AC Amortised cost bonds. Adjusted recurring profitability The Group’s profit after tax (attributable to the owners of the Company) as reported, adjusted for the results of certain one-off items (e.g. capital gains, certain write-downs/write-ups relating to certain re-organisation activities and/or legacy related, as well as material non-cash transactions impacting the profitability) that fall outside the ordinary course of our business and are items that Management and investors would ordinarily identify and consider separately to better understand the underlying trends in the business and after taking into account distributions under other equity instruments such as the annual AT1 coupon). Advisory and other transformation costs Comprise mainly of fees of external advisors in relation to: (i) the transformation program and other strategic projects of the Group and (ii) customer loan restructuring activities, where applicable. Allowance for expected loan credit losses (previously ‘Accumulated provisions’) As of 30 September 2025, the definition of both gross loans and allowance for expected loan credit losses was updated with respect to the residual fair value adjustment on initial recognition now being deducted from gross loans instead of being included in the allowance for expected loan credit losses. This revision was implemented to align the underlying basis with the statutory basis for gross loans and advances to customers measured at amortised cost and is not material. There is no impact on the net loans as a result of this update in the definitions. Comparative information has been revised to reflect this adjustment to conform with the current period’s disclosure format, unless otherwise stated. Comprises (i) allowance for expected credit losses (ECL) on loans and advances to customers (including allowance for expected credit losses on loans and advances to customers held for sale where applicable) and (ii) allowance for expected credit losses for off-balance sheet exposures (financial guarantees and commitments) disclosed on the balance sheet within other liabilities. AIEA This relates to the average of ‘interest earning assets’ as at the beginning and end of the relevant quarter. Interest earning assets include: cash and balances with central banks (including cash and balances with central banks classified as non-current assets held for sale), plus loans and advances to banks, plus reverse repos, plus net loans and advances to customers (including loans and advances to customers classified as non-current assets held for sale), plus ‘deferred consideration receivable’ included within ‘other assets’, plus investments (excluding equities and mutual funds). AT1 AT1 (Additional Tier 1) is defined in accordance with the Capital Requirements Regulation (EU) No 575/2013, as amended by CRR II applicable as at the reporting date. Book Value BV= book value = Carrying value prior to the sale of property. Basic earnings/(losses) after tax per share (attributable to the owners of the Company) Basic earnings after tax per share (attributable to the owners of the Company) is the Profit/(loss) after tax (attributable to the owners of the Company) divided by the weighted average number of shares in issue during the period, excluding treasury shares. Carbon neutral The reduction and balancing (through a combination of offsetting investments or emission credits) of greenhouse gas emissions from own operations. CET1 capital ratio (transitional basis) CET1 capital ratio (transitional basis) is defined in accordance with the Capital Requirements Regulation (EU) No 575/2013, applicable as at the reporting date. CET1 Fully loaded (FL) The CET1 fully loaded (FL) ratio is defined in accordance with the Capital Requirements Regulation (EU) No 575/2013, applicable as at the reporting date. Cost of Funding Effective yield of cost of funding: Interest expense of all interest bearing liabilities after hedging, over average interest bearing liabilities (customer deposits, funding from the central bank, interbank funding, subordinated liabilities). Historical information has been adjusted to take into account hedging. Cost to Income ratio Cost-to-income ratio comprises total expenses (as defined) divided by total income (as defined). Cost of Risk Loan credit losses charge (cost of risk) (year -to -date) is calculated as the annualised ‘loan credit losses’ (as defined) divided by average gross loans (as defined). The average gross loans are calculated as the average of the opening balance and the closing balance, for the reporting period/year. CRR DD Default Definition. 75
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Glossary & Definitions DTA Deferred tax asset. DFAs Debt for Asset Swaps. DFEs Debt for Equity Swaps. DTC Deferred Tax Credit. Effective yield Interest Income on Loans/Average Net Loans. Effective yield of liquid assets Interest income on liquids after hedging, over average liquids (Cash and balances with central banks, placements with banks and bonds). FTP Fund transfer pricing methodologies applied between the business lines to present their results on an arm’s length basis. FVOCI Fair value through other comprehensive income bonds. FVTPL Fair value through profit or loss bonds. GBV Gross Book Value. Green Asset ratio The proportion of the share of a credit institution’s assets financing and invested in EU Taxonomy-aligned economic activities as a share of total covered assets. Gross Loans As of 30 September 2025, the definition of both gross loans and allowance for expected loan credit losses was updated with respect to the residual fair value adjustment on initial recognition now being deducted from gross loans instead of being included in the allowance for expected loan credit losses. This revision was implemented to align the underlying basis with the statutory basis for gross loans and advances to customers measured at amortised cost and is not material. There is no impact on the net loans as a result of this update in the definitions. Comparative information has been revised to reflect this adjustment to conform with the current period’s disclosure format, unless otherwise stated. Gross loans comprise: (i) gross loans and advances to customers measured at amortised cost (including loans and advances to customers classified as non-current assets held for sale where applicable) and (ii) loans and advances to customers classified and measured at FVPL (where applicable) as per statutory basis. Loans and advances to customers classified and measured at FVPL amounted to nil at 31 December 2025 (compared to €120 mn as at 31 September 2025 and €131 mn as at 31 December 2024). Gross performing loans Gross loans (as defined) excluding the Restructuring and Recoveries Division (RRD) exposures (forming part of legacy exposures (as defined) of €90 mn as at 31 December 2025 (compared to €158 mn as at 31 December 2024). Gross Sales Proceeds Proceeds before selling charge and other leakages. Group The Group consists οf Bank of Cyprus Holdings Public Limited Company, “BOC Holdings” or the “Company”, its subsidiary Bank of Cyprus Public Company Limited, the “Bank” and the Bank’s subsidiaries. IB International Banking IBU Servicing exclusively international activity companies registered in Cyprus and abroad and not residents. 76
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Glossary & Definitions Legacy exposures Legacy exposures are exposures relating to (i) Restructuring and Recoveries Division (RRD), (ii) Real Estate Management Unit (REMU), and (iii) non-core overseas exposures. Leverage Ratio Exposure (LRE) Leverage Ratio Exposure (LRE) is defined in accordance with the Capital Requirements Regulation (EU) No 575/2013, as amended. Liquid assets Cash, placements with banks, balances with central banks, reverse repos and bonds. Loan credit losses (PL) (previously ‘Provision charge’) Loan credit losses comprise: (i) credit losses to cover credit risk on loans and advances to customers, (ii) net gains on derecognition of financial assets measured at amortised cost relating to loans and advances to customers and (iii) net gains on loans and advances to customers at FVPL (where applicable), for the reporting period/year. Loan to Value ratio (LTV) Loan to Value (LTV) is calculated as the Gross IFRS Balance to the indexed market value of the property. Under Pillar 3 disclosures LTV is calculated as the Gross IFRS Balance to the indexed market value of collateral. Collateral takes into consideration the mortgage amount registered in the land registry plus legal interest from registration date to the reference date. MSCI ESG Rating The use by the Company and the Bank of any MSCI ESG Research LLC or its affiliates (‘MSCI’) data, and the use of MSCI Logos, trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement, recommendation or promotion of the Company or the Bank by MSCI. MSCI Services and data are the property of MSCI or its information providers and are provided “as-is” and without warranty. MSCI Names and logos are trademarks or service marks of MSCI. Net Proceeds Proceeds after selling charges and other leakages. Net interest margin (NIM) Net interest margin is calculated as the net interest income (annualised) divided by the ‘quarterly average interest earning assets’ (as defined). Net loans and advances to customers Net loans and advances to customers comprise gross loans (as defined) net of allowance for expected loan credit losses (as defined, but excluding allowance for expected credit losses on off-balance sheet exposures disclosed on the balance sheet within other liabilities). Net NPE ratio Calculated as NPEs (as defined) net of allowance for expected loan credit losses (as defined) over net loans and advances to customers (as defined) Net performing loan book Net performing loan book is the total net loans and advances to customers (as defined) excluding net loans included in the legacy exposures (as defined) Net zero emissions The reduction of greenhouse gas emissions to net zero through a combination of reduction activities and offsetting investments. New lending New lending includes the disbursed amounts of the new and existing non-revolving facilities (excluding forborne or re-negotiated accounts) as well as the average year-to-date change (if positive) of the current accounts and overdraft facilities between the balance at the beginning of the period and the end of the period. Recoveries are excluded from this calculation since their overdraft movement relates mostly to accrued interest and not to new lending. NII sensitivity Key simplifying assumptions An instantaneous and sustained parallel movement in EUR interest rates Static balance sheet in size and composition Assets and liabilities whose pricing is mechanically linked to market / central bank rates assumed to reprice accordingly 38% and 7% pass through assumption for EUR Fixed and Notice deposits respectively, and 74% pass through assumption for USD Fixed deposits 77
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Glossary & Definitions Non-interest income Non-interest income comprises Net fee and commission income, Net foreign exchange gains and net gains/(losses) on financial instruments and (excluding net gains on loans and advances to customers at FVPL), Net insurance result, Net (losses)/ gains from revaluation and disposal of investment properties and on disposal of stock of properties, and Other income. Non-recurring items Non-recurring items as presented in the ‘Unaudited Consolidated Income Statement–Underlying basis’ relate to ‘Advisory and other transformation costs - organic’. NPE coverage ratio (previously ‘NPE Provisioning coverage ratio’) The NPE coverage ratio is calculated as the allowance for expected loan credit losses (as defined) over NPEs (as defined). NPE ratio NPEs ratio is calculated as the NPEs as per EBA (as defined) divided by gross loans (as defined). NPEs As per the European Banking Authorities (EBA) standards and European Central Bank’s (ECB) Guidance to Banks on Non-Performing Loans (which was published in March 2017), non-performing exposures (NPEs) are defined as those exposures that satisfy one of the following conditions: (i) The borrower is assessed as unlikely to pay its credit obligations in full without the realisation of the collateral, regardless of the existence of any past due amount or of the number of days past due. (ii) Defaulted or impaired exposures as per the approach provided in the Capital Requirement Regulation (CRR), which would also trigger a default under specific credit adjustment, diminished financial obligation and obligor bankruptcy. (iii) Material exposures as set by the CBC, which are more than 90 days past due. (iv) Performing forborne exposures under probation for which additional forbearance measures are extended. (v) Performing forborne exposures previously classified as NPEs that present more than 30 days past due within the probation period. From 1 January 2021 two regulatory guidelines came into force that affect NPE classification and Days-Past-Due calculation. More specifically, these are the RTS on the Materiality Threshold of Credit Obligations Past-Due (EBA/RTS/2016/06), and the Guideline on the Application of the Definition of Default under article 178 (EBA/RTS/2016/07). The Days-Past-Due (DPD) counter begins counting DPD as soon as the arrears or excesses of an exposure reach the materiality threshold (rather than as of the first day of presenting any amount of arrears or excesses). Similarly, the counter will be set to zero when the arrears or excesses drop below the materiality threshold. Payments towards the exposure that do not reduce the arrears/excesses below the materiality threshold, will not impact the counter. For retail debtors, when a specific part of the exposures of a customer that fulfils the NPE criteria set out above is greater than 20% of the gross carrying amount of all on balance sheet exposures of that customer, then the total customer exposure is classified as non-performing; otherwise only the specific part of the exposure is classified as non-performing. For non-retail debtors, when an exposure fulfils the NPE criteria set out above, then the total customer exposure is classified as non-performing. Material arrears/excesses are defined as follows: (a) Retail exposures: Total arrears/excess amount greater than €100, (b) Exposures other than retail: Total arrears/excess amount greater than €500 and the amount in arrears/excess in relation to the customer’s total exposure is at least 1%. The NPEs are reported before the deduction of allowance for expected loan credit losses (as defined). 78
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Glossary & Definitions Non-legacy (performing) Relates to all business lines excluding Restructuring and Recoveries Division (“RRD”), REMU and non-core overseas exposures. NSFR The NSFR is calculated as the amount of “available stable funding” (ASF) relative to the amount of “required stable funding” (RSF). The regulatory limit, enforced in June 2021, has been set at 100% as per the CRR II. OMV Open Market Value. Operating profit Operating profit comprises profit before loan credit losses (as defined), impairments of other financial and non-financial assets, provisions for pending litigation, claims, regulatory and other matters (net of reversals), tax, profit attributable to non-controlling interests and non-recurring items (as defined). Phased-in Capital Conservation Buffer (CCB) In accordance with the legislation in Cyprus which has been set for all credit institutions, the applicable rate of the CCB is 1.25% for 2017, 1.875% for 2018 and 2.5% for 2019 (fully phased-in). p.p. percentage points. Profit/(loss) after tax and before non-recurring items (attributable to the owners of the Company) This refers to the profit after tax (attributable to the owners of the Company), excluding any ‘non-recurring items’ (as defined). Profit/(loss) after tax – organic (attributable to the owners of the Company) This refers to the profit or loss after tax (attributable to the owners of the Company), excluding any ‘non-recurring items’ (as defined, except for the ‘advisory and other transformation costs – organic’). Qoq Quarter on quarter change. REMU Real Estate Management Unit Restructured loans Restructuring activity within quarter as recorded at each quarter end and includes restructurings of NPEs, performing loans and re-restructurings. Return on Tangible equity (ROTE) Return on Tangible Equity (ROTE) is calculated as Profit/(loss) after tax (attributable to the owners of the Company) (as defined) (annualised - (based on year - to - date days)), divided by the quarterly average of Shareholders’ equity minus intangible assets at each quarter/year end. 79
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Glossary & Definitions Return on Tangible equity (ROTE) on 15% CET1 ratio Calculated as Profit/(loss) after tax (attributable to the owners of the Company) (annualised - (based on year - to - date days), divided by the quarterly average of Shareholders’ equity minus intangible assets and after deducting the excess CET1 capital on a 15% CET1 ratio from the tangible book value. RRD Restructuring and Recoveries Division. RWAs Risk Weighted Assets. RWA Intensity Risk Weighted Assets over Total Assets. Special levy on deposits and other levies/contributions Relates to the special levy on deposits of credit institutions in Cyprus, contributions to the Single Resolution Fund (SRF), contributions to the Deposit Guarantee Fund (DGF), as well as the DTC levy, where applicable. Stage 2 & Stage 3 Loans Include purchased or originated credit-impaired. Tangible book value per share Calculated as the total equity attributable to the owners of the Company, (i.e. not including other equity instruments, such as AT1) less intangible assets at each quarter/year end divided by the number of ordinary shares (excluding treasury shares) of the period/quarter end. Tangible book value per share excluding the cash dividend Calculated as the total equity attributable to the owners of the Company, (i.e. not including other equity instruments, such as AT1) less intangible assets at each quarter/year end and the amounts of any cash dividend approved/recommended for distribution in respect of earnings of the relevant year the dividend relates to, divided by the number of ordinary shares (excluding treasury shares) of the period/quarter end. Tangible Collateral Restricted to Gross IFRS balance. Total Capital ratio Total capital ratio is defined in accordance with the Capital Requirements Regulation (EU) No 575/2013, as amended by CRR II applicable as at the reporting date. Total expenses Total expenses comprise staff costs, other operating expenses and the special levy on deposits and other levies/contributions. It does not include ‘advisory and other transformation costs- organic’, where applicable. ‘Advisory and other transformation costs-organic’ amounted to nil for FY2025 (compared to nil for FY2024). Total income Total income comprises net interest income and non-interest income (as defined). Total loan credit losses, impairments and provisions Total loan credit losses, impairments and provisions comprise loan credit losses (as defined), plus impairments of other financial and non-financial assets, plus provisions for pending litigation, claims, regulatory and other matters (net of reversals). T2 Tier 2 Capital. Underlying basis This refers to the statutory basis after being adjusted for reclassification of certain items as explained in the Basis of Presentation. Write offs Loans together with the associated loan credit losses are written off when there is no realistic prospect of recovery. Partial write-offs, including non-contractual write-offs, may occur when it is considered that there is no realistic prospect for the recovery of the contractual cash flows. In addition, write-offs may reflect restructuring activity with customers and are part of the terms of the agreement and subject to satisfactory performance. Yoy Year on year change. 80