Slides
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Bank of Cyprus Group GROUP FINANCIAL RESULTS For the six months ended 30 June 2026
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Disclaimer 2 The financial information included in this presentation including the interim Condensed Consolidated Financial Statements for the six months ended 30 June 2026 has not been audited by the Group’s external auditors. The Group’s external auditors have conducted a review of the Interim Condensed Consolidated Financial Statements in accordance with the International Standard on Review Engagements (Ireland) 2410 “Review of Interim Financial Information performed by the Independent Auditor of the Entity”. 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 six months ended 30 June 2026 (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 2025 and updated in the Interim Financial Report 2026. 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 plc and its subsidiaries (collectively, 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 growth, provisions, impairments, business strategies and opportunities. 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 and other European Union (EU) Member States. Globally, factors that may impact the Group include interest rate and foreign exchange fluctuations, legislative, fiscal and regulatory developments, litigation and other operational risks, adverse market conditions, geopolitical developments, imposed and threatened tariffs and changes to global trade policies, acts of hostility or terrorism and response to those acts or other such events, emerging technologies, including information technology, artificial intelligence, technological changes and risks to the security of IT and operational infrastructure, systems, data and information resulting from increased threat of cyber and other attacks and the impact of outbreaks, epidemics or pandemics. These factors may have significant adverse effects on the market and macroeconomic conditions, including in ways that cannot be anticipated. 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 1H2026 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 Diversified & Sustainable Profitability • Digitally engaged franchise, integrated bank- insurance-payment offering • High capital light non-interest income Supportive Macro • Faster growth than Euro area average, and resilient to external shocks; tourism returning to pre-Iran war levels • Cyprus is a regional business and tech hub Leading Position in Banking and Broader Financial Services • #1-2 positions across banking, insurance and payment solutions in Cyprus • Operating in a highly liquid and consolidated banking sector Strong Capital Generation & Ongoing Distribution Capacity • One of the best capitalised and most capital generative banks in Europe • Interim dividend of €0.24 per share (44% payout ratio) • Targeting payout ratio up to 90%1 for 2026 and up to 100%1 p.a. for 2027-2028 TARGET Sustainable mid-teens ROTE or ROTE >20% on 15% CET1 ratio for 2026-2028 Refer to Footnotes slides 69-73
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A diversified, service-based economy Structure of Cypriot economy in 2025 (% of GVA) Solid growth for 2026; Economy remains robust in the face of global uncertainty Cyprus inflation rate at 3.5% in 2Q2026 underpinned by heightened energy prices Cyprus HICP2 index (yoy% change) Strong economic growth in 1Q2026; solid prospects for 2026, outpacing Eurozone average Real GDP (yoy % change) 3.9% 2.3% 0.8% 1.2% 3.5% 3.2% 5.4% 2.4% 2.1% 2.0% 3.0% 3.0% 2023 2024 2025 1Q2026 2Q2026 2026e Cyprus Euro area 6Refer to Footnotes slides 69-73 6.3% 5.9% 3.9% 3.8% 3.0% c.2.5% 1.8% 1.6% 0.9% 1.5% 0.8% 0.9% -6.0% -1.0% 4.0% 9.0% 14.0% 2018 2019 2020 2021 2022 2023 2024 2025 1Q2026 2026e Cyprus Euro area 1 Strong sovereign rating, 3 notches above investment grade S&P BBB- BBB+ A AA AA-A+ BBB BB Dec 21 Apr 22 Jul 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 Mar 26 Jun 26 Cyprus Portugal Italy Spain Greece Ireland Investment grade AA+ A- BBB+ BBB A+ AA+ 1H2026: 2.4% 1 14% 14% 12% 9%8% 8% 7% 6% 6% 6% ICT Real Estate Accommodation 5% 5% Primary & Secondary Trade Increased contribution from ICT sector at 14% (vs 7% in 2018) 86% of the economy is tertiary- based
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Tourist arrivals recovering towards record 2025 levels Tourist arrivals (k) 0 50 100 150 200 250 300 350 400 450 500 550 600 650 Jan- Feb Mar-Apr May Jun Strong fiscal foundations 7 Refer to Footnotes slides 69-73 Public debt to GDP ratio for Cyprus decreased to 50% As at 31 March 2026 Greece Italy France Spain Portugal Eurozone Germany Cyprus Ireland 144% 139% 118% 102% 91% 89% 64% 50% 37% Positive budget surpluses since 2022 Budget surplus as % of GDP1 2.1% -3.4% 1.0% -5.6% -1.6% 2.6% 1.7% 4.3% 3.4% 2.1% 2.3% 2017 2018 2019 2020 2021 2022 2023 2024 2025 May 2026 2026e Low unemployment rate Unemployment rate - yearly average 7.6% 7.2% 6.3% 5.8% 4.9% 4.4% 3.7% 8.0% 7.8% 6.8% 6.6% 6.4% 6.4% 6.3% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% 9.00% 2020 2021 2022 2023 2024 2025 1Q2026 Cyprus Eurozone 1 1H2024 1H2025 1H2026 1,652 1,843 1,656 -10% Source: Cystat 2 +9% -29% -5% -2% 20262025
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2Q2026 Strong performance maintained across key metrics Cost of risk of a net release of 6 bps (bps) Cost to income ratio1 at 36% supported by continued cost discipline and high revenues NII increased to €188 mn, mainly on the back of volume growth (€ mn) Profit increased to €131 mn (€ mn) 8 118 118 128 121 131 2Q2025 3Q2025 4Q2025 1Q2026 2Q2026 182 180 183 181 188 2Q2025 3Q2025 4Q2025 1Q2026 2Q2026 Average ECB Deposit rate 37% 35% 42% 37% 36% 2Q2025 3Q2025 4Q2025 1Q2026 2Q2026 32 33 26 -17 -6 2Q2025 3Q2025 4Q2025 1Q2026 2Q2026 2.3% 2.0% 2.0% 2.0% 2.0% Refer to Footnotes slides 69-73 Charge Reversal
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Total interim Interim dividend of c.€105 mn Cash dividend (€) Interim dividend at €0.24 per share, up 20% yoy; 44% payout 9 Building strong track record of attractive returns Payout ratio 2022 2023 2024 2025 2026 14% 30% 50% 70% Up to 90%1 2022 2023 2024 0.50 0.20 2025 1H2026 0.05 0.25 0.48 0.70 Interim dividendFinal cash dividend €0.24 per share: interim dividend to be paid on 21 October 2026 €0.70 per share FY2025 dividend, of which €0.50 was paid in June 2026 40% 44% Interim dividend 0.20 0.24 Ordinary dividend at 70% Top-up Refer to Footnotes slides 69-73 22 137 241 305Total distribution (€ mn) 105
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Sustainable growth of shareholder value 10Refer to Footnotes slides 69-73 Strong ROTE at 19.2% for 2Q2026 2Q2025 3Q2025 4Q2025 1Q2026 2Q2026 18.2% 18.5% 19.4% 18.0% 19.2% ROTE (reported) 27.9%26.1% 25.9% 27.7% 26.5% ROTE on 15% CET1 ratio Growing TBV 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 0.24 5.91 Jun 26 3.93 4.93 5.77 6.10 6.15TBV per share Well-capitalised with strong organic capital generation3 p.a. Dec 23 Dec 24 Dec 25 Jun 26 17.4% 19.2% 21.0% 20.9% CET1 ratio Organic capital generation3 (bps) 445 445 436 225 1 Cash dividend per share TBV per share 2
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Financial targets Refer to Footnotes slides 69-73 1H2026 2026 2027 - 2028 ROTE 18.8% Mid-teens Towards the upper end of the range Mid-teens ROTE ON 15% CET1 RATIO 27.3% >20% >20% DISTRIBUTIONS PAYOUT1 Ordinary €0.24 per share Interim dividend 70% 70% p.a. Top-up Up to 20%2 Up to 30%2 p.a. To be assessed annually ORGANIC CAPITAL GENERATION3 225 bps 350-400 bps p.a. Supported by: Cost to income ratio4 36% c.40% p.a. Cost of risk Net release of 12 bps At lower end of normalised cost of risk 40-50 bps p.a. 11
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02 1H2026 Financial Performance
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1H2026 highlights Refer to Footnotes slides 69-73 13 STRONG VOLUME GROWTH • Gross performing loans at €11.4 bn, up 5% ytd and 8% yoy • Mainly retail deposit base at €22.8 bn, up 3% ytd and 9% yoy ATTRACTIVE PROFITABILITY • Profit after tax of €252 mn1 of which €131 mn1 in 2Q2026 • Basic earnings per share of €0.58 • Cost to income ratio2 at 36% LIQUID, RESILIENT BALANCE SHEET • Net release of 12 bps in cost of risk, reflecting customer-specific reversals • NPE ratio reduced to 1.0% ROBUST CAPITAL UNDERPINNING ATTRACTIVE DISTRIBUTION CAPACITY • CET1 ratio at 20.9%3 and Total Capital ratio at 25.8%3 • Organic capital generation4 of 225 bps • Interim dividend of €0.24 per ordinary share up 20% yoy, to be paid in October 2026; 44% payout ratio on 1H2026 earnings PAT €252 mn ROTE 18.8% Interim dividend €105 mn Gross performing loans +5% ytd +8% yoy Deposits +3% ytd +9% yoy
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Income statement 14 Key ratios 1H2026 1H2025 Δ yoy 2Q2026 1Q2026 Δ qoq ROTE 18.8% 18.4% 0.4 p.p. 19.2% 18.0% 1.3 p.p. ROTE on 15% CET1 ratio 27.3% 26.0% 1.3 p.p. 27.9% 26.5% 1.4 p.p. EPS (€) 0.58 0.54 0.04 0.30 0.28 0.02 € mn 1H2026 1H2025 yoy% 2Q2026 1Q2026 qoq% Net interest income 369 368 0% 188 181 4% Recurring non-interest income 132 121 9% 67 65 3% Other non-interest income 14 20 -30% 10 4 159% Total income 515 509 1% 265 250 6% Total operating expenses (186) (181) 3% (95) (91) 4% Operating profit 329 328 0% 170 159 7% Special levies on deposits and other levies/ contributions (23) (16) 47% (9) (14) -36% Provisions and impairments net of reversals (6) (34) -80% (7) 1 - Profit before tax 300 278 8% 154 146 6% Tax (47) (42) 11% (22) (25) -9% Profit after tax 252 235 7% 131 121 8% Adjusted recurring 239 222 8% 118 121 -2%
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Total liabilities & equity (€ bn) Total assets (€ bn) Highly liquid, customer funded and growing balance sheet 15 • 19% linked with Bank’s base rate2 (‘natural hedging’ of time & notice deposits cost) • 43% linked with Euribor • 10% linked with ECB MRO rate • 12% fixed rate loans3 AIEA1 1H2026 2.0 0.4 10.8 5.3 1.6 0.6 7.9 Dec 25 2.0 0.3 11.3 5.8 1.6 0.5 7.6 Jun 26 Other assets REMU repossessed properties Net loans Securities Reverse repos Due from banks Cash, balances with Central Banks 28.6 29.1 20% 6% 42% 30% Cash balances with Central Banks 2% Placements with banks Fixed income portfolioReverse repos Net loans €26.3 bn 1.7 2.9 1.4 0.4 22.2 Dec 25 1.6 3.0 1.3 0.4 22.8 Jun 26 Other Equity (incl AT1) Wholesale Due to banks Customer deposits 28.6 29.1 Refer to Footnotes slides 69-73
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NII increased to €188 mn on the back of volume growth 16 NII at €188 mn, up 4% qoq reflecting higher volumes and margins NIM up 4 bps qoq at 285 bps Growth in AIEA2 driven by deposits up 2% qoq Improving AIEA mix with loans up 3% qoq and fixed income portfolio up 4% qoq Healthy volume growth in AIEA2 with deployment of liquidity to support margins (€ bn) NII up 4% qoq reflecting mainly volume growth 305 283 NII NIM1 (bps) (€ mn) 4.6 9.4 10.5 2Q2025 5.0 10.0 10.7 4Q2025 5.3 9.9 10.9 1Q2026 5.5 9.7 11.2 2Q2026 24.5 25.7 26.1 26.4 +8% yoy +3% ytd Fixed income portfolio Liquids Net loans 21% 37% 42% % of total AIEA 368 369 1H2025 1H2026 2.5% 2.0%Average ECB Deposit rate Refer to Footnotes slides 69-73 182 180 183 181 188 2Q2025 3Q2025 4Q2025 1Q2026 2Q2026 +4% 298 286 283 281 285 OUTLOOK FY2026 NII: c.€750 mn • Faster and higher interest rate increases • Strong volume growth
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NII sensitivity to parallel shift in interest rates (annualised)3 Maintaining hedging activity to manage NII sensitivity 17 Hedging (€ bn) Jun 25 Dec 25 Mar 26 Jun 26 Receive fixed IRSs1 on non- maturing deposits 3.9 5.0 5.2 5.0 Receive fixed IRSs1 on wholesale funding 1.2 1.3 1.3 1.2 Reverse repos2 1.0 1.0 1.0 1.0 Fixed rate bonds 4.2 4.8 5.1 5.2 Total 10.3 12.1 12.6 12.5 Average fixed rate 2.60% Refer to Footnotes slides 69-73 €0.4 bn net hedging in 1H2026, totaling €12.5 bn; covering 47% of interest earning assets (vs 42% at 30 June 2025) Weighted average yield of new IRSs in 2Q2026: 2.69% (vs 2.44% in 1Q2026) €1.3 bn fixed rate loans4 (12% of loan book) €2.1 bn base rate loans5; natural hedging of 48% of household Time & Notice deposits Continuous dynamic management of balance sheet, subject to market conditions Dec 22 Dec 25 Jun 26 +/-25 bps Sensitivity/Total NII c.€31 mn 8% c.€16 mn 2% c.€15 mn 2% -€16 mn since Dec 2022
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Deposits up 9% yoy and 3% ytd; broadly stable pricing and mix qoq 18 Loan to deposit ratio2 Group deposits by UBO country of residence Cost of deposits at 28 bps Deposits at €22.8 bn, up 3% ytd and 9% yoy (€ bn) Deposits at €22.8 bn, up 9% yoy 61% of deposits are Retail; Average size of Retail deposits of c.€31k Well managed deposit costs, broadly flat at 28 bps Highly liquid Bank with one of the lowest L/D ratios in EU at 50% 6.3 14.6 Jun 25 6.8 15.4 Dec 25 6.9 15.4 Mar 26 6.9 15.9 Jun 26 20.9 22.2 22.3 22.8 +9% yoy +3% ytd Savings, Current & Demand Time & Notice 30% 30% 31% 88 80 79 80 80 1 3 3 3 5 2Q2025 3Q2025 4Q2025 1Q2026 2Q2026 Time & Notice Savings, Current & Demand Cost of Deposits1 (bps) 2829 27 27 81% 9% 9% <0.5% Cyprus Other EU Other countries Russia/Belarus 98% 89% 67% 65% 65% 50% 27 Refer to Footnotes slides 69-73 30%
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Strong new lending of €1.6 bn in 1H2026, up 2% yoy 19 Refer to Footnotes slides 69-73 New lending remains high at €812 mn in 2Q2026 (€ mn) 430 279 249 209 345 300 71 70 51 66 76 62 114 141 136 162 135 162 88 82 71 73 95 87 139 188 128 252 178 201 1Q2025 2Q2025 3Q2025 4Q2025 1Q2026 2Q2026 842 760 635 762 829 812 +7% New lending of €1.6 bn (€ mn) New lending grew by 2% yoy to €1.6 bn, driven by housing and international corporate demand New lending of €812 mn in 2Q2026, up 7% yoy reflecting growth across all business lines Strong track record of repayment capability: >99% of new exposures1 in Cyprus since 2016 are performing Prudent underwriting standards maintained Corporate SME Retail Housing Retail other International 709 645 141 138 255 297 170 182 327 379 1H2025 1H2026 1.602 1.641 +2% 19
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Broad-based growth in performing loans, up 8% yoy and 5% ytd 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 €11.4 bn, up 5% since the beginning of the year supported both by domestic and international demand Effective yield on performing loans improved to 436 bps as interest rates begin to increase 1.11 9.49 Jun 25 1.36 9.51 Dec 25 1.43 9.67 Mar 26 1.53 9.87 Jun 26 1.5% 3.5% Contribution to yoy growth 10.60 10.87 11.10 11.40 +8% yoy +5% ytd International Domestic 484 458 440 434 434 436 1Q2025 2Q2025 3Q2025 4Q2025 1Q2026 2Q2026 Syndicated loans Shipping International CorporateCorporate SME Retail Housing Retail other 1.07 3.60 0.99 3.83 Jun 25 1.09 3.71 0.99 3.72 Dec 25 1.10 3.75 1.00 3.82 Mar 26 1.14 3.81 0.99 3.93 Jun 26 9.49 9.51 9.67 9.87 ytd +4% yoy +4% ytd 0.23 0.29 0.59 Jun 25 0.26 0.36 0.74 Dec 25 0.31 0.42 0.70 Mar 26 0.42 0.41 0.70 Jun 26 1.11 1.36 1.43 1.53 % of portfolio +37% yoy +13% ytd 27% 27% 46% Retail +3% Business +4% Refer to Footnotes slides 69-73 OUTLOOK FY2026 loan growth of >5% to be comfortably met
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Fixed income portfolio at 19% of total assets, up 9% ytd 21 Fixed income portfolio at €5.6 bn up 4% qoq and 9% ytd Highly rated and diversified fixed income portfolio, of which the majority is amortised cost Average yield of new investments in 2Q2026: 3.28% (vs 3.05% in 1Q2026) Mark to market positive impact of amortised cost portfolio at c.€5 mn Majority of positions in FVOCI book hedged for interest rate risk Fixed income securities per issuer type - NBV Fixed income securities– NBV (€ bn) Amortised cost FVOCI Duration (years) 3.97 3.19 Duration after interest rate hedging (years) 3.75 0.76 Rating Aa3 A2 Jun 25 Dec 25 Mar 26 Jun 26 4.7 5.1 5.4 5.6 21% yoy 9% ytd % assets 17% 18% 19% 9% 17% 11% 16% 28% 19% Other financial & other corporations Banks Covered bonds Supranationals Other Governments Cyprus Government €5.6 bn 19%
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Recurring Non-NII at €132 mn in 1H2026, up 9% yoy Non-NII covering 70-80% of total operating expenses 22 Non-NII at €146 mn in 1H2026, supported by recurring non-NII growth (€ mn) YoY Performance (1H2026 vs 1H2025) Recurring non-NII at €132 mn, up 9% yoy reflecting: • Growth in net insurance result (slide 23) • Increased net fee and commission income on both transactional and non-transactional fees Other non-NII remains a volatile contributor to Group’s profitability QoQ Performance (2Q2026 vs 1Q2026) Recurring non-NII up 3% qoq reflecting increased net fee and commission income on higher transactional fees Other non-NII up €6 mn qoq, due to improved marked to market value on the equity shares included in financial instruments (net gain in 2Q2026 vs net loss in 1Q2026) 60 65 67 12 2Q2025 4 1Q2026 10 2Q2026 72 69 77 44 44 46 12 17 164 2Q2025 4 1Q2026 5 2Q2026 60 65 67 +3% qoq% +4% -2% +8% 77% Recurring Non-NII Other Non-NII Non-NII/ OPEX1 Net fee & commission Net insurance result FX customer related 76% Refer to Footnotes slides 69-73 120 132 21 1H2025 14 1H2026 141 146 81%78% 78% yoy% 88 90 24 338 1H2025 9 1H2026 120 132 yoy% +9% +3% +35%
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Life and Non-Life insurance businesses – valuable and sustainable contribution to the Group 23 Increase in net insurance result yoy attributed to: • Better claim experience and lower losses in onerous contracts • Acquisition of Ethniki Insurance Cyprus in July 2025 and • Higher new business CONTRIBUTION TO THE GROUP 23% contribution to Non-NII Highly profitable 10% contribution to Group’s PAT1 Recurring Insurance PAT1 Net insurance result Recurring insurance PAT1 (€ mn) Net insurance result (€ mn) 1H2025 1H2026 12.9 17.5 +36% 1H2025 1H2026 14.1 21.9 +55% (€ mn)(€ mn) 1H2025 1H2026 10.3 11.2 +9% 1H2025 1H2026 7.4 7.5 +1% c.33%2 Market share (#1) c.16%2 Market Share (#2) Profit & Loss figures include Ethniki Insurance in 1H2026Refer to Footnotes slides 69-73 245%3 Solvency ratio 235% Solvency ratio €133 mn Total regular income (+24% yoy) €44 mn GWP (+20% yoy)
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active users of digital channels 517K Login to digital channels daily 1/3rd active mobile app users 488k active QuickPay users 259k Engaged digital customer base, increasing digital sales 24 As at 30 June 2026 Strong results from digital sales, both in banking and insurance Increased use across all digital channels Non-life insurance digital sales QuickAccountsDigital Loans1 (#)(€ mn) Total GWP (€’mn) Digital housing loansQuickLoans Of which 182 192 13 Dec 25 33 Jun 26 195 225 +15% 1H2025 1H2026 1.0 1.3 +21% Dec 25 Jun 26 51,306 63,576 +24% Refer to Footnotes slides 69-73
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Strengthened digital offering 25 • Digital application with instant decision • €33 mn as at 30 June 2026 • Buy Now Pay Later solution • Collaboration with 4 merchants subsidising the Fleksy service fee • c.€8.0 mn used since launch of Fleksy (of which €4.5 mn in 1H2026) • Banking for minors (age 6-17), without the need for a mobile phone • c.12.9k Joeyers by June 2026 • Launched the digital investing platform • Simplified and broadened access to investing • Enhanced BoC’s digital wealth offering . Digital Housing Loans c 1,9302 registered companies c. €1.7 bn in 1H2026 money exchanged via the platform B2B +104% yoy in product offering +160% yoy in GMV1B2C • Instant and secure person-to-person money transfers using mobile phone numbers • Launched digital business account opening (sight & fixed) with ability to order a debit card Account opening for legal entities • Digital Car Dealers’ Portal enabling faster and simpler car loan experience for customers, with instant digital quotes and quicker access to financing directly through the dealer Car Dealers’ portal Refer to Footnotes slides 69-73
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Total operating expenses1 (€ mn) 39 40 45 38 38 47 48 46 48 48 238 2Q2025 3 3Q2025 4Q2025 5 1Q2026 9 2Q2026 94 91 114 91 95 qoq% Cost to income ratio remains low at 36% in 1H2026 26 Yoy Performance (1H2026 vs 1H2025) Total operating expenses1 up 3% yoy reflecting increased exit costs recorded in 2Q2026 Staff costs up 2% yoy to €96 mn relating mainly to salary increments and cost of living adjustments (COLA) which are typically taken in the first month of the year Other operating costs flat yoy; 2H2026 broadly similar to 2H2025 levels QoQ Performance (2Q2026 vs 1Q2026) Total operating expenses1 up 4% qoq reflecting the completion of a small-targeted Voluntary Staff Exit Plan • (51 employees approved to leave) Staff costs and other operating expenses flat qoq Cost income ratio at 36%, remains below the 2026- 2028 target of c.40% Cost to income ratio1 at 36% in 1H2026, flat yoy Exit costs & variable pay Staff costs Other operating expenses +0% 37% 35% 42% 37% 36% 2Q2025 3Q2025 4Q2025 1Q2026 2Q2026 Refer to Footnotes slides 69-73 76 76 95 96 10 1H2025 14 1H2026 181 186 yoy% 36% 36% 1H2025 1H2026 +0% +2% OUTLOOK Cost to income ratio1 to remain <40% on better revenue outlook and continuing cost discipline
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REMU repossessed stock at €341 mn Healthy asset quality with NPE ratio reduced to 1.0%; REMU stock <€0.35 bn 27 Robust asset quality maintained; NPE ratio reduced to 1.0% Underlying cost of risk of 28 bps; reported cost of risk at a credit of 12 bps (net release of c.€7 mn) in 1H2026, reflecting customer-specific reversals of 39 bps (c.€22 mn) REMU stock at €341 mn, down 6% qoq, through organic reductions Impairments of €7 mn in 2Q2026 broadly flat qoq NPE ratio at 1.0%; fully covered Net release of 12 bps in cost of risk on sustained robust asset quality 2Q2025 3Q2025 4Q2025 -0.17% 1Q2026 -0.06% 2Q2026 0.32% 0.33% 0.26% NPE coverage BV to OMV 2,064 1,864 1,754 82% 139% 72% 69% 67% # properties Group BV (€ bn) Dec 24 Dec 25 Jun 26 2.0% 1.2% 1.0%NPE ratio 149% 0.0 Dec 24 Dec 25 Jun 26 0.66 0.38 0.34 1H2025 1H2026 0.36% -0.12% OUTLOOK 2H2026 underlying COR stable on 1H2026 level, trending below the normalised range of 40-50 bps
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CET1 Dec 25 2.4% Profits (0.4%) RWAs (1.6%) Ordinary Dividend accrual (70%) (0.3%) Other CET1 Jun 26 (0.4%) CDB transaction CET1 ratio pro forma for CDB transaction 21.0% AT1 coupon (0.1%) 20.9% 20.5% Robustcapital position: CET1 at 20.9% 28 Regulatory capital ratios Organic capital generation of 225 bps3 in 1H2026 Acquisition of a portfolio of performing loans & deposits from CDB Bank; -c.35 bps4 estimated capital impact at completion Dividend target for 2026 unchanged: Dividend accrual in 2Q2026 based on ordinary dividend of 70%; top-up dividend of up to 20%5 to be considered alongside FY2026 financial results Interim dividend of €0.24 per share (44% payout ratio from 1H2026 earnings) to be paid in October 2026 CET1 ratio including retained earnings 22.4% 24.0% 25.9% 25.3% 25.8% 17.4% 19.2% 21.0% 20.5% 20.9% Dec 23 Dec 24 Dec 25 Mar 26 Jun 26 min OCR1 requirement January 2026 CET1 ratioTotal Capital ratio 2 Refer to Footnotes slides 69-73 11.9% 11.9% Total capital ratio Jun 26 25.8% 16.5% c.15% CET1 ratio target (medium-term)
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Fitch upgraded rating to BBB in November 2025; outlook stable Dec 14 Aug 15 Apr 16 Dec 16 Aug 17 Apr 18 Dec 18 Aug 19 Apr 20 Dec 20 Aug 21 Apr 22 Dec 22 Aug 23 Apr 24 Dec 24 Aug 25 Apr 26 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 Sep 15 Jun 16 Mar 17 Dec 17 Sep 18 Jun 19 Mar 20 Dec 20 Sep 21 Jun 22 Mar 23 Dec 23 Sep 24 Jun 25 Mar 26 BOC-Moodys long-term deposit rating Sovereign rating Investment grade Baa3 A3 A3 Oct 17 Apr 18 Nov 18 Jun 19 Jan 20 Aug 20 Mar 21 Oct 21 May 22 Dec 22 Jul 23 Feb 24 Sep 24 Apr 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 Jun 26 Jun 26 Jun 26
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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 30 • Bank of Cyprus ranked #3 for the award ‘Most Honored Company’ in the Emerging EMEA Financials category across Europe, the Middle East and Africa • Bank of Cyprus Investor Relations Team ranked #2 in the Best IR Team category in the Emerging EMEA Financials category across Europe, the Middle East and Africa
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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 1H2026 32 E • c.€560 mn Green Housing gross loans with EPC Category A as of June 2026, compared to c.€452 mn as of December 2025 • Environmentally Friendly gross loans of €683 mn as of June 2026 compared to €572 mn as of December 2025 • Utilisation of renewable energy in own operations decreased by 10% yoy mainly due to temporary suspension of solar panel usage due to branch renovation works • Scope 1 and Scope 2 GHG Emissions decreased by c.5% yoy S • 21,082 training hours for female employees and 13,075 training hours for male employees in 1H2026 • Cumulative investment of c.€72mn from 1998 to 1H2026 in the Bank of Cyprus Oncology Centre • 12,888 JOEY accounts opened as at 30 June 2026 promoting financial literacy and education. G • 38% of members of ExCo and Senior Management are women as at 30 Jun 2026, early achievement of the 2030 target of at least 30% women representation on ExCo and in Senior Management • Recognised as one of the 30 leading listed entities in Greece based on “The RSM Board Diversity Survey 2025”. Distinguished for adoption of diversity best practices and commitment to inclusion and balanced representation at the Board of Directors level. ESG • Group’s ESG Corporate rating under ISS at C since 2025 which is considered Prime
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Delivering on our ESG commitments 33Refer to Footnotes slides 69-73 Stakeholder: Investors Regulators 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:
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GHG Emissions¹ – Scope 1 & Scope 2 (tCO2e) reduced by 5% yoy Delivering on our ESG commitments 34Refer to Footnotes slides 69-73 Climate Change – Target 1: Reducing 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 the Green Housing² product drives the feasibility of the decarbonisation target Bank’s performance against baseline of 2021: Bank’s performance against baseline of 2022: Climate Change – Target 2: Reduce by 43% the kgs 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 1H2025⁴ 1H2026 - 5%³ Scope 2 Purchased Electricity Scope 1 Mobile Combustion Scope 1 Stationary Combustion +9% -6% -2% +3%89 89 3,693 3,483 87 97 (18%) 1H2026
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Delivering on our ESG commitments 35Refer to Footnotes slides 69-73 Climate Change: Increase portfolio of environmentally friendly loans Gross loans (€ mn) Climate Change: Decrease utilisation of renewable energy in own operations³ Renewable energy (kWh) Climate Change: Reduce paper consumption² Dec-25 Jun-26 Green Housing (EPC A)¹ Renewable energy projects Car loans Energy loans 683 560 107 14 2 223,669 201,285 1H2025 1H2026 -10% 25 25 19 18 18 16 -34% 1H2021 1H2022 1H2023 1H2024 1H2025 # paper printed in mn 452 105 12 3 572 1H2026
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Delivering on our ESG commitments 36 Board’s Gender Diversity: Female representation on the Board of Directors Financial Inclusion and Resilience³ – Target: Gender Diversity: At least 30% women in ExCo and Senior Management by 2030 Learning & Development ¹,²: Provide upskilling/reskilling employee opportunities Training Attendance (hours) 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 38% 44% 36% 1H2024 1H2025 1H2026 33% 1H2024 ≥ 30% 2030 Target 33% 1H2025 Refer to Footnotes slides 69-73 1H2025 1H2026 18,632 21,082 11,555 13,075 (38%) 1H2026 ≥ 25,000Base: 8,965 12,888 2030 TargetFY2025 1H2026 Open a total of at least 25,000 JOEY accounts by 2030 from a total of 8,965 accounts opened as at December 2025, promoting financial literacy and education. 30,187 34,157
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Corporate Social Responsibility (CSR) 37Refer to Footnotes slides 69-73 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 c.€72 mn from 1998 to 1H2026 • The biggest and most successful partnership between the public and the private sector, materially contributing to Cypriot society. ~1,170 employees participated 16 events organised 4,062 16,690 12,934 1H2024 1H2025 1H2026 2 # of physical attendees 1H2025 1H20261H2024 >1,080 >1,200 >1,300 Contribution to society (since establishment) (€k) 4.25 4.5 1H2025 1H2026 100 105 New companies created (#) Invested amount (€ mn) Created >130 new jobs in Cyprus Supported >270 entrepreneurs
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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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Sectoral breakdown of the economy 14% 14% 12% 9% 8% 8% 7% 6% 6% 6% 5% 5% 21% 9% 20% 6% 9% 4% 5% 6% 5% 4% 7% 4% Cyprus Greece ICT Primary & Secondary Wholesale & Retail trade Real estate Finance & Insurance Public Professional Transport Accommodation Education Health & Social work Other Cypriot economy is diversified: no sector accounts for more than 15% of total GVA Real estate accounts for 9% of GVA (vs 20% in Greece) ICT sector at 14% of the economy in 2024 (vs 7% in 2019) aided by the headquartering scheme with productivity gains evident Accommodation accounts for c.6% of GVA 40 Source: Eurostat
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Cyprus is a growing regional business and tech hub Age: 15-64 (2025) 17% 36% 47%Tertiary Upper secondary Less than upper secondary Level of education Well educated, highly skilled labour force Labour costs significantly below the Euro area average 57 45 36 34 31 26 16 Ireland Euro area Spain Italy Cyprus Portugal Greece Compensation per employee (€ ‘000) 1 FY2025 #2 country in Europe – share of tertiary level education Refer to Footnotes slides 69-73 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 talent below Eurozone average 41
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Current Market Forward curves 42Refer to Footnotes slides 69-73 2.3% 2.0% 2.0% 2.0% 2.0% 2.1% 2.4% 2.0% 2.0% 2.3% 2.4% 2.6% 2.6% 2025 1Q2026a 2Q2026a 3Q2026 4Q2026 2027 2028 Jan 2026 -as communicted in the investor update Jun 2026 Average ECB Deposit rate1 2.2% 2.5% 2.2% 2.2% 2.4% 2.6% 2.2% 2.5% 2.8% 2.8% 2.8% 2.7% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 2025 1Q2026a 2Q2026a 3Q2026 4Q2026 2027 2028 Jan 2026 - as communicated in the investor update Jun 2026 Average 6m Euribor1 FY2026: 2.2% (vs 2.0% previously) FY2026: 2.6% (vs 2.2% previously1)
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Executive Summary – Updated Financial Targets FY2022 Financial Performance Appendix Additional financial information Table of contents
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20% 13% 61% 6% 50% 34% 11% 3% 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 €9.0 bn €15.3 bn€22.8 bn Diversified, mainly retail funded deposit base Highly liquid balance sheet 304% 313% 321% 306% 305% 169% 169% 171% 174% 182% 2Q2025 3Q2025 4Q2025 1Q2026 2Q2026 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 846 921 889 554 572 631 839 870 940 438 502 374 1,374 1,144 Dec 25 1,482 1,110 Mar 26 1,561 1,081 Jun 26 5,131 5,393 5,604 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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35% 17% 20% 28%0% Up to 1 month 1-3 months 3-6 months 6-9 months Over 9 months €6.92 bn Analysis of deposits Deposits by Currency (€ bn) Deposits by Customer Sector (€ bn) Deposits by Type (€ bn) Time & Notice deposits by maturity <0.5% 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.€23 mn p.a.2 Deposit sensitivities Refer to Footnotes slides 69-73 Type Dec 25 Mar 26 Jun 26 Current, Demand & Savings 15.44 15.39 15.88 Time & Notice 6.75 6.87 6.92 Total 22.19 22.26 22.80 45 Sector Dec 25 Mar 26 Jun 26 Retail 13.50 13.53 13.86 SME 1.40 1.38 1.45 International Corporate 0.25 0.22 0.22 International Business Unit 4.28 4.35 4.55 Corporate 2.76 2.78 2.72 Total 22.19 22.26 22.80 Currency Dec 25 Mar 26 Jun 26 EUR 20.25 20.24 20.74 USD 1.58 1.60 1.63 GBP 0.30 0.31 0.31 Other Currencies 0.06 0.11 0.12 Total 22.19 22.26 22.80
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Income statement 46 € mn 1H2026 1H2025 yoy% 2Q2026 1Q2026 qoq% Net Interest Income 369 368 0% 188 181 4% Net fee and commission income 90 88 3% 46 44 4% Net foreign exchange gains and net gains on financial instruments 14 18 -23% 10 4 127% Net insurance result 33 24 35% 16 17 -2% Net gains/(losses) from revaluation and disposal of investment properties and on disposal of stock of properties 5 5 -13% 3 2 76% Other income 4 6 -31% 2 2 -3% Total income 515 509 1% 265 250 6% Staff costs (110) (105) 5% (57) (53) 7% Other operating expenses (76) (76) 0% (38) (38) 0% Special levy on deposits and other levies/contributions (23) (16) 47% (9) (14) -36% Total expenses (209) (197) 6% (104) (105) -1% Operating profit 306 312 -2% 161 145 11% Loan credit losses net of reversals 7 (19) -134% 2 5 -61% Impairments of other financial and non-financial assets (13) (14) -9% (7) (6) 1% Provisions for pending litigation, claims, regulatory and other matters (net of reversals) 0 (1) -88% (2) 2 -207% Total loan credit losses, impairments and provisions (6) (34) -80% (7) 1 - Profit before tax and non-recurring items 300 278 8% 154 146 6% Tax (47) (42) 11% (22) (25) -9% Profit attributable to non-controlling interests (1) (1) -51% (1) 0 - Profit after tax (attributable to the owners of the Company) 252 235 7% 131 121 8%
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Consolidated balance sheet 47 Assets (€ mn) 30.06.2026 31.12.2025 % change Cash and balances with central banks 7,598 7,933 -4% Loans and advances to banks 480 576 -17% Reverse repurchase agreements 1,618 1,619 0% Debt securities, treasury bills and equity investments 5,803 5,324 9% Net loans and advances to customers 11,333 10,798 5% Stock of property 342 372 -8% Investment properties 26 28 -7% Other assets 1,934 1,918 1% Total assets 29,134 28,568 2% As at 30 June 2026 there were 435,962,305 issued ordinary shares (vs 435,686,031 as at 31 December 2025) Liability and equity (€ mn) 30.06.2026 31.12.2025 % change Deposits by banks 369 404 -9% Customer deposits 22,798 22,187 3% Debt securities in issue 980 983 0% Subordinated liabilities 301 379 -21% Other liabilities 1,714 1,665 3% Total liabilities 26,162 25,618 2% Shareholders’ equity 2,732 2,710 1% Other equity instruments 220 220 - Total equity excluding non-controlling interests 2,952 2,930 1% Non-controlling interests 20 20 2% Total equity 2,972 2,950 1% Total liabilities and equity 29,134 28,568 2%
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TBV adjusted for excess CET1 capital on a 15% CET1 ratio ROTE on 15% CET1 ratio 48 ROTE on 15% CET1 € mn Dec 25 Mar 26 Jun 26 Shareholders’ equity 2,710 2,829 2,732 - Intangible assets (52) (52) (50) - Ordinary distribution accrual (218)1 (302)2 (167) - Excess CET1 capital on a 15% CET1 ratio (621) (598) (625) = TBV adjusted for excess CET1 capital on a 15% CET1 ratio 1,819 1,877 1,890 Average TBV for excess CET1 capital on a 15% CET1 ratio 1,823 1,848 1,862 € mn FY2025 1Q2026 1H2026 PAT annualised 481 490 508 Average TBV adjusted for excess CET1 capital on a 15% CET1 ratio 1,823 1,848 1,862 = ROTE on 15% CET1 26.4% 26.5% 27.3% Refer to Footnotes slides 69-73
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Quarterly evolution of CET1 ratio 49 1.1% 1Q2026 Profits (0.9%) Ordinary distribution accrual (70%) CET1 incl. Retained earnings Mar 26 20.5% 20.7% 20.9%1.2% (0.1%) CET1 ratio Jun 26 Other (0.1%) AT1 couponRWAs (0.1%) Ordinary distribution accrual (70%) Total Capital ratio Jun 26 25.8% (0.7%) AT1 & T2 4.9% 2Q2026 Profits Regulatory CET1 Mar 26 11.9% 16.5% Refer to Footnotes slides 69-73 min OCR1 requirement for June 2026 2 3 4 5 5
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Risk weighted assets & regulatory capital 50 Risk weighted assets by geography Reconciliation of group equity to CET1 Risk weighted assets by type of risk Regulatory capital (€ mn) € mn 31.12.25 31.03.26 30.06.26 Cyprus 10,403 10,543 10,578 Overseas 21 21 17 RWAs 10,424 10,564 10,595 RWA intensity 36% 37% 36% € mn 31.12.25 31.03.263,4 30.06.262,3 CET1 capital 2,185 2,163 2,214 Tier I capital 2,405 2,383 220 Tier II capital 295 294 301 Total regulatory capital (Tier I + Tier II) 2,700 2,677 2,734 € mn 30.06.26 Shareholder’s equity 2,732 Less: Intangibles (21) Less: Deconsolidation of insurance entities and other entities (159) Less: Regulatory adjustments (incl. foreseeable charges) (338)1 CET1 2,214 Risk Weighted Assets 10,595 CET1 ratio 20.9%2,3 CET1 ratio fully loaded 20.6%2,3 € mn 31.12.25 31.03.26 30.06.26 Credit risk 9,150 9,290 9,321 Market risk - - - Operational risk 1,274 1,274 1,274 Total 10,424 10,564 10,595 Refer to Footnotes slides 69-73
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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.1.27% c.0.92% 2.50% 2.50% 2.00% 1.50% 4.50% Jun 26 CCyB O-SII CCB Pillar 2R Tier 2 AT1 Pillar 1 16.05% 16.08% 16.52% 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.1.27% 2.25% 2.50% 1.41% 4.50% Jun 26 CCyB O-SII CCB Pillar 2R Pillar 1 11.34% 11.38% 11.93% CET1 ratio Total capital ratio Overall capital requirements 51 Total Pillar 1: 8% CET1 and Total capital ratio minimum capital requirements on 30 June 2026 at 11.93% and 16.52% respectively Pillar 2 requirement decreased by 25 bps to 2.50%, effective from January 2026 based on SREP decision Total O-SII buffer increased to 2.25%, from 1.9375% effective from January 2026 Countercyclical buffer (CCyB) for exposures for the Group stood at c.1.27% as at 30 June 2026 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 30 June 2026: 897 bps (€950 mn) Distributable items2 of €2,328 mn for BOCH as at 30 June 2026 Regulatory CET1 Ratio CET1 ratio Jun 26 MDA threshold Jun 26 20.9% 11.9% Distance to MDA: 897 bps 1 52Refer to Footnotes slides 69-73
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9.0% c.6.0% 19.9% Jun 26 (as % of RWAs) 34.9% Significant buffer above the MREL requirement MREL (% of RWAs) 5 c.6.0% c.24.0% MREL requirement (as % of RWAs) c.30.1% 3 53 Senior preferred liabilities Own funds CBR1 MREL ratio including capital used to meet the CBR1 (as % of RWAs) at 34.9% as at 30 June 2026 MREL ratio (as % of Leverage Ratio Exposure (LRE)) at 12.9% as at 30 June 2026 Based on SRB communication received in December 2025, MREL requirement set at: • 24.03% of RWAs plus prevailing CBR1 • 5.91% of LRE Distance to M-MDA restriction as at 30 June 2026 including retained earnings at 486 bps (€515 mn)2,4 The CBR1 increased further in January 2026 (for more details refer to slide 51) Refer to Footnotes slides 69-73 2 3
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Income statement bridge1 for 1H2026 54 € mn Underlying basis Reclassifications Statutory basis Net interest income 369 - 369 Net fee and commission income 90 - 90 Net foreign exchange gains and net gains on financial instruments 14 - 14 Net gains on derecognition of financial assets measured at amortised cost - 4 4 Net insurance result 33 - 33 Net gains from revaluation and disposal of investment properties and on disposal of stock of properties 5 - 5 Other income 4 - 4 Total income 515 4 519 Total expenses (209) - (209) Operating profit 306 4 310 Loan credit losses (net of reversals) 7 (7) - Impairment of other financial and non-financial assets (13) 13 - Provisions for pending litigation, claims, regulatory and other matters (net of reversals) 0 0 - Credit losses on financial assets and impairment net of reversals of non-financial assets - (10) (10) Profit before tax 300 - 300 Tax (47) - (47) Profit attributable to non-controlling interests (1) - (1) Profit after tax - attributable to the owners of the Company 252 - 252 Refer to Footnotes slides 69-73
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Analysis of interest income and interest expense 55 Analysis of Interest Income (€ mn) 1Q2025 2Q2025 3Q2025 4Q2025 1Q2026 2Q2026 Loans and advances to customers 124 121 119 119 115 120 Loans and advances to banks and central banks 57 46 42 42 40 42 Repurchase agreements 8 8 8 10 11 11 Investments and other financial assets at amortised costs 29 31 31 33 36 39 Investments FVOCI 2 2 2 2 2 2 220 208 202 206 204 214 Net derivative financial instruments 3 3 2 2 1 1 Total Interest Income 223 211 204 208 205 215 Analysis of Interest Expense (€ mn) Customer deposits (18) (15) (14) (15) (15) (16) Funding from central banks and deposits by banks (2) (2) (2) (2) (1) (1) Loan stock (17) (17) (17) (17) (17) (18) (37) (34) (33) (34) (33) (35) Net derivative financial instruments - 5 9 9 9 8 Total Interest Expense (37) (29) (24) (25) (24) (27) 1H2025 1H2026 245 235 103 82 16 22 60 75 4 4 428 418 6 2 434 420 (33) (31) (4) (2) (34) (35) (71) (68) 5 17 (66) (51)
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Income statement by business line for 1H2026 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) 169 26 62 64 2 (3) 1 51 - (3) 369 Net fee & commission income/(expense) 33 5 9 24 2 - (5) 3 15 4 90 Other income 2 1 1 4 - 5 35 5 2 1 56 Total income 204 32 72 92 4 2 31 59 17 2 515 Total expenses (96) (12) (22) (25) (6) (5) (7) (9) (12) (15) (209) Operating profit/ (loss) 108 20 50 67 (2) (3) 24 50 5 (13) 306 Loan credit losses of customer loans net of gains/(losses) on derecognition of loans and changes in expected cash flows (3) (2) 12 (1) - - - - - 1 7 Impairment of other financial and non-financial instruments - - - - - (13) - - - - (13) Provision for pending litigations, claims regulatory and other matters (net of reversals) - - - - - - (1) - (1) 2 - Profit/ (loss) before tax 105 18 62 66 (2) (16) 23 50 4 (10) 300 Tax (16) (3) (9) (10) - 2 (3) (8) (1) 1 (47) Profit attributable to non-controlling interest - - - - - - - - (1) - (1) Profit/(loss) after tax and before non-recurring items (attributable to the owners of the Company) 89 15 53 56 (2) (14) 20 42 2 (9) 252
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Statutory income statement for insurance businesses for 1H2026 57 Income statement based on the statutory financial statements of Eurolife and Genikes Insurance and including transactions with the Bank Refer to Footnotes slides 69-73 € mn 1H2026 1H2025 yoy% Insurance revenue 46.0 36.2 27% Insurance service income/ (expense) (2.3) (15.8) -85% Net insurance service result 43.7 20.4 115% Reinsurance result (16.4) 2.2 - Reinsurance service expense (19.1) (15.1) 26% Net reinsurance service result (35.5) (12.9) 175% Insurance finance expense (0.5) (0.4) 11% Reinsurance finance income 0.3 0.2 49% Net insurance financial result (0.2) (0.2) -23% Insurance service result 8.0 7.3 11% Other income 0.2 0.1 1113% Staff costs (non-attributable) (1.6) (1.1) 45% Other operating costs (non-attributable) (1.6) (1.1) 37%% Revaluation/disposal gains on investments 0.6 0.7 -20% Total net income/ (expenses) (2.4) (1.4) 66% Profit before tax 5.6 5.9 -2% Tax expense (0.8) (0.7) 27% Profit after tax 4.8 5.2 -6% € mn 1H2026 1H2025 yoy% Insurance revenue 49.3 41.5 19% Insurance service expense (24.2) (26.4) -8% Net insurance service result 25.1 15.1 66% Reinsurance revenue 9.5 11.3 -16% Reinsurance service expense (15.3) (13.7) 11% Net reinsurance service result (5.8) (2.4) 138% Net insurance finance income (43.5) 2.6 - Net reinsurance finance income/(expense) 0.4 (0.2) -328% Loss from investment and occupational pension contracts (0.1) (0.1) 15% Insurance service result (23.9) 15.0 -259% Other income 0.1 0.3 -54% Staff costs (non-attributable) (1.0) (0.5) 122% Other operating costs (non-attributable) (1.9) (1.2) 67% Net revaluations and/or sale on financial assets at fair value through profit or loss1 44.8 (1.6) - Total net income 42.0 (3.0) - Profit before tax 18.1 12.0 51% Tax expense (2.5) (0.4) 523% Profit after tax 15.6 11.6 34%
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Leading card processing and payment solutions business in Cyprus Strong transaction growth in value, up 11% yoy Value of transactions (€ mn) 1H2022 1H2023 1H2024 1H2025 1H2026 5,272 6,400 7,299 8,287 9,202 1H2025 1H2026 14.2 15.0 6% Net fee and commission income 1H2025 1H2026 5.2 5.1 (€ mn) (€ mn) Recurring PAT1 Net fee and commission income up 6% yoy, driven by higher volume of transactions and by structural improvements in third-party cost absorption Recurring PAT broadly flat yoy One-stop shop, providing various innovative solutions Backed by the Group with 75% stake Refer to Footnotes slides 69-73 58
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JINIUS: leading in shaping the digital local economy • Enables seamless access to financial products (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 59 FY2023 FY2024 FY2025 0.4 1.1 2.6 FY2024 FY2025 FY2026 +3.8x +10x Money Exchanged through Jinius Business (€ bn) Jinius Marketplace Gross Merchandise Value 1H2025 1H2026 1.1 1.7 58% 1H2025 1H2026 +2x Business-to-Business (B2B) • Electronic Invoicing • Remittance management • Tenders management • Ecosystem management • Car Dealers Portal Business-to-Consumer (B2C) • Marketplace (16 product categories; latest addition of Pets, Baby & Maternity, Sports & Outdoor) • Continued evolution of the Jinius Mobile Apps (iOS and Android) • Embedded banking services products (i.e Antamivi card rewards scheme) Going forward… • Introduce a Cars Marketplace that expands loan origination opportunities for the Bank & deepens strategic relationships within the Car Dealers domain • Introduce Developer Portals to facilitate lending, bringing the Group closer to time and place of need (€ bn)
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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 €11.4 bn € bn 0.774.23Private Individuals Hotels & Catering Trade Real Estate Other sectors Professional & Other services Transportation (including shipping) Manufacturing Construction Other 5.00 1.27 0.93 1.06 1.10 0.73 0.64 0.49 0.18 Housing Refer to Footnotes slides 69-73 61 LTV2 Private individuals Housing €4.23 bn Private individuals Other €0.77 bn Business €6.40 bn <80% 92% 24% 70% >80% 8% 76% 30%
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Loans by economic activity, customer type and arrears analysis 62 Gross loans by customer type (€ mn) Jun 25 Dec 25 Jun 26 Retail housing 3,662 3,740 3,847 Retail other 1,101 1,115 1,157 SME 1,011 1,005 1,010 International Corporate 1,112 1,356 1,528 Corporate 3,855 3,739 3,949 Total 10,741 10,955 11,491 Gross loans (€ mn) Jun 25 Dec 25 Jun 26 Trade 909 921 938 Manufacturing 460 460 487 Hotels & Catering 1,216 1,188 1,275 Construction 426 397 184 Real Estate 908 905 1,071 Private Individuals 4,834 4,924 5,052 Professional and other services 744 700 736 Other sectors 1,244 1,460 1,748 Total 10,741 10,955 11,491 NPE ratio Jun 25 Dec 25 Jun 26 Trade 1.7% 1.4% 1.4% Manufacturing 0.9% 0.5% 0.4% Hotels & Catering 0.2% 0.1% 0.1% Construction 0.5% 0.4% 0.6% Real Estate 2.4% 1.3% 1.4% Private Individuals 2.4% 1.5% 1.3% Professional and other services 3.4% 3.3% 2.4% Other sectors 0.2% 0.1% 0.1% Total 1.8% 1.2% 1.0% Loans arrears analysis (€ mn) Jun 25 Dec 25 Jun 26 Loans with no arrears 10,538 10,806 11,355 Loans with arrears but not NPEs 14 22 18 NPEs with no arrears 78 54 46 NPEs Up to 30 DPD 1 2 2 NPEs 31-90 DPD 3 2 2 NPEs 91-180 DPD 20 7 6 NPEs 181-365 DPD 12 22 10 NPEs Over 1 year DPD 75 40 52 Total loans 10,741 10,955 11,491
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Gross loans by IFRS 9 stage 804 814 771127 10,024 Dec 25 121 10,253 Mar 26 Jun 26 Stage 3 Stage 2 Stage 1 10,955 11,188 11,491 10,602 118 % of gross loans Gross loans by IFRS 9 stage Dec 25 Mar 26 Jun 26 7.3% 7.3% 6.7% Coverage Stage 2 as % of gross loans Dec 25 Mar 26 Jun 26 1.2% 1.1% 1.0% Stage 2 ratio and coverage Stage 3 ratio and coverage Bank’s IFRS 9 macroeconomic assumptions 61 59 57 17 18 17 15 35 30 29 14 Dec 25 14 Mar 26 Jun 26 127 121 118 Stage 3 loans € mn € mn Retail Corporate SMEs Re performing (including UTPs)1 63 2026 Forecast in March 2026 Forecast in June 2026 GDP rate - base 2.1% 2.3% Unemployment rate- base 4.4% 3.7% Weights Favourable: 10% Base: 50% Adverse: 40% Favourable: 10% Base: 50% Adverse: 40% 92% 7% 1% 6.1% 5.9%6.4% Coverage 71% 73%70% Stage 3 as % of gross loans
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Stage 2 exposures at 7% of loan book; 98% of exposures present no arrears FY2022 FY2023 FY2024 FY2025 1H2026 2.2% 5.2% 1.9% 2.5% 1.7% Limited migration rate of Stage 2 to Stage 3 at 1.7% Stage 2 loans are collateralised at 92% 7% of gross loans classified as Stage 2 of which: • 32% 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 6.2% 6.0% 5.7% 5.7% 4.0% 200 193 47 302 29 Jun 26 Private individuals Other Real estate Trade Hotel & catering 771 Provision coverage € mn Refer to Footnotes slides 69-73 64 • €246 mn (32%) Performing Forborne • €123 mn (16%) Individual assessments • €324 mn (%) SICR1 • €32 mn (4%) POCI • €22 mn (3%) ESG 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% 0% 1% LTV 0-75% 75%-100% >100% Private Individuals 71% 4% 25% Business 75% 2% 23% Total 73% 3% 24%
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Rescheduled Loans Rescheduled loans1 by customer type Fair value of collateral and credit enhancements Refer to Footnotes slides 69-73 € bn Dec 24 Dec 25 Jun 26 Retail housing 0.09 0.04 0.04 Retail other 0.02 0.01 0.01 SMEs 0.03 0.02 0.01 International corporate - - - Corporate 0.24 0.29 0.26 Total 0.38 0.36 0.32 Loans and advances to customers (€ mn) Jun 26 Cash 644 Securities 594 Letters of credit / guarantee 230 Property 17,986 Other 336 Surplus collateral (10,241) Net collateral 9,549 Rescheduled loans1 € bn Jun 26 Stage 1 - Stage 2 0.25 Stage 3 0.05 POCI 0.02 FVPL - Total 0.32 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 Jun 25 Dec 25 Jun 26 1.08 0.86 0.66 0.44 0.38 0.34 # properties Group BV (€ bn) REMU repossessed stock reduced to €341 mn as at 30 June 2026 80% 76% 72% BV to OMV 72% 100.0 83.2 89.4 96.6 101.1 104.7 107.1 7.4 8.0 7.1 7.5 -6.00 -4.00 -2.00 .00 2.00 4.00 6.00 8.00 10.00 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 4Q2025 1Q2026 % change y-o-y (RHS) Residential property prices up 7.5%2 yoy in 1Q2026… 69% 109% 105% 114% 108% 125% 120% 80% 73% 87% 77% 88% 81% 1Q2025 2Q2025 3Q2025 4Q2025 1Q2026 2Q2026 Refer to Footnotes slides 69-73 2,527 2,202 2,064 1,983 1,864 Residential Property Price index (2010Q1 = 100) 66 67% 1,754 Net proceeds to BV Gross proceeds to OMV …with improved household affordability dynamics 100 63 2010 2025 100 75 2010 2025 (2010=100) (2010=100) House price to GDP per capita index House price to wages per employee index
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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 1H2026 505 249 34 Sales € mn (contract prices1) 99 331 575 579 Breakdown of cumulative sales1 by on-boarding year (€ mn) 428 938 496 262 143 15189 92% 90% 83% 83% 492 1,130 REMU - the engine for dealing with foreclosed assets 674 €2.51 bn sales1 of 5,538 properties across all property classes since set-up 39% 6%30% 15% 6% 4% Cumulative sales by property type; 39% of sales relate to land Sales contract price 74% €2.51 bn €2.51 bn1 34 19 10 Total Sales 1H2026 5 Commercial Residential Land 124% 85% 132% 95% 120% 82% 126% 79% €34 mn sales1 in 1H2026; comfortably above Book Value 569 486 382 Refer to Footnotes slides 69-73 67 Helix 3 and Sinope Organic salesCyreit # properties Overseas Net Proceeds/BV Gross Proceeds/OMV Legacy2 2017 2019 2021-1H2026 2016 2018 2020 % Sales of vintage stock (BV)3 Cyreit Residential Commercial (including hotels) Golf Land 221 90%
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REMU - the engine for dealing with foreclosed assets Sales contracts (excl. DFAs)1 up 15% yoy 5,928 2022 8,667 6,900 2023 9,569 6,228 2024 10,859 7,255 2025 5,3416,656 1H2025 5,856 4,151 1H2026 3,691 2021 7,481 10,347 13,409 15,567 15,797 18,114 8,729 10,007 3,388 +15% 341 524 Jan 19 Additions (1,379) Sales (18) Transfers to own properties (274) Impairment & FV loss Jun 26 1,488 Repossessed properties sold exceed properties acquired since 2019 Group BV (€ mn) Pipeline of €40 mn by contract value as at 30 June 2026 of which €13 mn relates to SPAs signed 202 31 58 33 17 30 June 2026 REMU repossessed stock by type €341 mn Refer to Footnotes slides 69-73 68 Sales to Cypriots Sales to non-Cypriots Overseas Residential Commercial & Manufacturing Golf Land Based on data from Land of Registry Evolution of REMU repossessed stock Group BV (€ mn) 1 Jan 2026 1 Additions (26) Sales (11) Impairments & fair value losses 30 Jun 2026 377 341
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Appendix Footnotes Table of contents
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Footnotes Slide 5 – Why Bank of Cyprus 1) Subject to market conditions as well as the outcome of the Group’s ongoing capital and liquidity planning strategy at the time Slide 6 -Solid growth for 2026; Economy remains robust in the face of global uncertainty Source: Cystat, Eurostat 1) Projections on Cypriot economy based on Central bank of Cyprus (June 2026) and Projections for Euro area are based on European Commission (Spring 2026 Forecast) 2) Harmonised Index of Consumer Prices Slide 7- Strong fiscal foundations Source: Cystat, Eurostat 1) Projections on Cypriot economy based on Ministry of Finance (April 2026) 2) As at 31 May 2026 latest available Slide 8 - 2Q2026 Strong performance maintained across key metrics 1) Excluding special levy on deposits and other levies/contributions Slide 9 - Interim dividend at €0.24 per share, up 20% yoy; 44% payout 1) Subject to market conditions as well as the outcome of the Group’s ongoing capital and liquidity planning strategy at the time Slide 10 - Sustainable growth of shareholder value 1) Final dividend for FY2025 of €0.50 was paid in June 2026 2) Interim dividend to be paid in October 2026 3) Pre RWA and other movements, based on profit after tax (pre-distributions) and after AT1 coupon payment (where applicable) Slide 11 - Financial targets 1) On adjusted recurring profitability 2) Subject to market conditions as well as the outcome of the Group’s ongoing capital and liquidity planning strategy at the time 3) Pre RWA and other movements, based on profit after tax (pre-distributions) and after AT1 coupon payment (where applicable) 4) Excluding special levy on deposits and other levies/contribution Slide 13- 1H2026 highlights 1) Attributable to the owners of the Company 2) Excluding special levy on deposits and other levies/contributions 3) Includes reviewed profits for 1H2026 net of ordinary distribution accrual at the top-end of the distribution policy (i.e. 70% payout ratio) 4) Pre RWA and other movements, based on profit after tax (pre-distributions) and after AT1 coupon payment (where applicable) 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 - NII increased to €188 mn on the back of volume growth 1) Does not include the impact of IRSs on hedging of non maturing deposits 2) Average interest earning assets Slide 17 – Maintaining hedging activity to manage the NII sensitivity 1) Interest Rate Swaps 2) Collateralised lending agreements between banks with initial maturity > 1 year 3) Based on key assumptions, refer to slide 77 4) Loans with fixed rate period >2 years 5) 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 Slide 18 – Deposits up 9% yoy and 3% ytd; broadly stable pricing and mix qoq 1) Does not include the impact of IRSs on hedging of non maturing deposits 2) Source for peers: ECB for Significant institutions for 1Q2026 (latest available) 70
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Footnotes Slide 19 – Strong new lending of €1.6 bn in 1H2026, up 2% yoy 1) Facilities/limits approved in the reporting period Slide 20 - Broad-based growth in performing loans up 8% yoy and 5% ytd 1) Includes Corporate, International corporate, International business services, SME and Retail. Slide 22 - Non-NII covering 70-80% of total operating expenses 1) Excluding special levy on deposits and other levies/contributions Slide 23 - Life and Non-Life insurance businesses – valuable and sustainable contribution to the Group 1) Contribution to the Group. Adjusted to exclude intercompany transactions between insurance companies and the Bank 2) Based on 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 3) During 2026, in the course of a review of its Solvency Capital Requirement (SCR) model undertaken by the Group’s life insurance subsidiary, Eurolife Ltd (‘Eurolife’), a misapplication of specific parameters/components was identified in the calculation of Eurolife’s SCR. This impacted the calculation of Eurolife’s Solvency Ratio. Eurolife proceeded with a recalculation of its Solvency Ratio. The Solvency Ratio as at 31 March 2026 was recalculated to 246%, compared with the previously reported 293%, while the Solvency Ratio as at 31 December 2025 was recalculated to 226%, compared with the previously reported 281%. The identified matter did not affect compliance with regulatory capital requirements, with EuroLife’s Solvency Ratio remaining substantially above the applicable regulatory minimum requirement of 100% throughout the affected periods. Slide 24 – Engaged digital customer base, increasing digital sales 1) Current balance of QuickLoans & Digital Housing Loans Slide 25 – Strengthened digital offering 1) Gross Merchandise Value 2) As at 30 June 2026 Slide 26 - Cost to income ratio remains low at 36% in 1H2026 1) Excluding special levy on deposits and other levies/contributions Slide 28 - Robust capital position: CET1 at 20.9% 1) Based on final SREP decision in October 2025 ; OCR - Overall Capital Requirement. For more details refer to slide 51 2) Distribution accrual at the top end of Distribution Policy in line with Commission Delegated Regulation (EU) No 241/2014 principles. The distribution accrual level does not constitute a decision by the Bank with respect to distribution payment for 2026 3) Pre RWA and other movements, based on profit after tax (pre-distributions) and after AT1 coupon payment (where applicable) 4) Completion expected by year end 2026, subject to certain conditions precedent, including regulatory approvals being fulfilled. 5) Subject to market conditions as well as the outcome of the Group’s ongoing capital and liquidity planning strategy at the time Slide 33-Delivering on our ESG commitments 1) European Banking Authority Slide 34 - 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. 4) Scope 1 and Scope 2 GHG Emissions for 1H2025 have been restated to reflect the most updated GHG emission factors. 71
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Footnotes Slide 35 - 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). 3) The reduction in renewable energy production mainly reflects a temporary suspension of solar panel usage due to branch renovation works. Slide 36 - 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. 2) Total training hours allocated according to the Human Resources Management annual plan. 3) For other actions to facilitate financial technology solutions and promote digital transformation, refer to slides 24-25 Slide 37- 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) Number of physical attendees increased significantly due to the launch of the new exhibition ‘Cyprus Insula’ in July 2024, ending in June 2026. 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 41- Cyprus is a growing regional business and tech hub 1) Data for labour force is as at 31 December 2025 (Labour force age 15-64) Slide 42- Current Market Forward curves 1) Source: Market rates from Bloomberg; For ECB depo rate: World Implied Interest Rate Probability used for 2026 and 30-day average of 26 May-26 June 2026 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 1Q2026 Adjusted Recurring Profitability and final dividend of €0.50 per ordinary share on FY2025 Adjusted recurring profitability, subject to approval at the AGM Slide 49 – Quarterly evolution of CET1 ratio 1) OCR - Overall Capital Requirement (refer to slide 51) 2) Does not include profits for the three months ended 31 March 2026 3) Including unaudited/unreviewed profits for 1Q2026 and a an ordinary distribution accrual thereon at the top end of the Group’s distribution policy 4) Including foreseeable charges 5) Including reviewed profits for 2Q2025 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 and a distribution accrual thereon at the top end of the Group’s distribution policy 72
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Footnotes Slide 50 - Risk weighted assets & regulatory capital 1) Includes ordinary distribution accrual for the period ended 30 June 2026 at the top end of the Group’s distribution policy, as described in Section ‘B.2.1 Capital Base’ of press release 2) It includes accrual for an ordinary distribution at 70% payout ratio out of adjusted recurring profitability and BOD recommendation/approval and other prudential adjustments, as described in Section ‘B.2.1 Capital Base’ of press release 3) The distribution accrual level does not constitute a decision by the Bank with respect to distribution payment for 2026 4) Including unaudited/unreviewed profits for 1Q2026 and a distribution accrual thereon at the top end of the Group’s distribution policy Slide 52 - Buffer to MDA restrictions level & distributable Items 1) Including reviewed profits for 1H2026 and an ordinary distribution accrual thereon at the top end of the Group’s distribution policy. The distribution accrual level does not constitute a decision by the Bank with respect to distribution payment for 2026 2) Distributable Items definition per CRR Slide 53 - Significant buffer above the MREL requirement 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 2) Includes profits for 1H2026 and a distribution accrual at the top end of the Group’s Distribution Policy. Distribution accrual does not constitute a binding commitment of the Group for a payment. 3) MREL-Eligible Senior Preferred Notes and other MREL eligible liabilities 4) Calculated against the final MREL requirement of 24.03% of RWAs (+ CBR as at 30 June 2026) Slide 54-Income statement bridge for 1H2026 1) Please refer to section B.1 ‘Reconciliation of Interim Consolidated Income statement for the six months ended 30 June 2026 between the statutory and underlying basis’’ of the Results Announcement Slide 57 - Statutory income statement for insurance businesses for 1H2026 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) Contribution to the Group Slide 61 - Well diversified loan portfolio with high quality collateral 1) Gross loans as at 30 June 2026 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 63- Gross loans by IFRS9 stage 1) 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; 98% 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 23 June 2026 https://www.centralbank.cy/en/publications/residential- property-price-indices 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 30 June 2026 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). Allowance for expected loan credit losses 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) per share Basic earnings per share is the Profit/(loss) after tax (attributable to the owners of the Company) divided by the weighted average number of ordinary 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 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 30 June 2026 (compared to nil as at 31 March 2026 and 31 December 2025). Gross performing loans Gross loans (as defined) excluding the Restructuring and Recoveries Division (RRD) exposures (forming part of legacy exposures (as defined) of €87 mn as at 30 June 2026 (compared to €91 mn as at 31 March 2026 and €90 mn as at 31 December 2025 ). 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) Loan credit losses comprise: (i) credit losses to cover credit risk on loans and advances to customers including loan credit losses on loans and advances to customers classified as non- current assets held for sale where applicable, (ii) net gains on derecognition of financial assets measured at amortised cost relating to loans and advances to customers and (iii) net gains/(losses) 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 30% and c.5% pass through assumption for EUR Fixed and Notice deposits respectively, and 78% 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 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 organic (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