Bank Of Cyprus Holdings Plc · CSECY:BOCH
Bank Of Cyprus — H1 2025 Earnings Presentation
77 slides from Bank Of Cyprus's earnings presentation, Aug 5, 2025
Slide 1: Bank of Cyprus Group Financial Results
Bank of Cyprus Group Group Financial Results For the six months ended 30 June 2025
Slide 2: Disclaimer
DISCLAIMER The financial information included in this presentation including the interim Condensed Consolidated These forward-looking statements can be identified by the fact that they do not relate only to Financial Statements for the six months ended 30 June 2025 has not been audited by the Group’
Slide 3: Table of Contents
Table of Contents Executive Summary – Updated Financial Target 1. Executive Summary 2. 1H2025 Financial Performance 3. Capital & Asset Quality 4. ESG update 5. Appendix Appendix 3
Slide 4: Why Bank of Cyprus
Why Bank of Cyprus Strong, Supportive Macro Market Leader • Open economy growing faster than the Eurozone average • Market leader in a consolidated market • Fiscal discipline • #1 player in Banking sector • Sovereign rating; 3 notches above investment grade • #1 Life and #2 Non-Life Insurance in Cyp
Slide 5: Resilient and Growing Cypriot Economy Despite Global Financial Instability
Resilient and Growing Cypriot Economy Despite Global Financial Instability GDP expected to grow by c.3.0% in 2025, outpacing Euro area average Cyprus inflation controlled at 0.5% in June 2025 Real GDP (yoy % change) Cyprus HICP3 index (yoy% change) 1H2025: 1.6% 10.00% 9.2% 8.4% 8.00% 5.4% 5.00% 8.1%
Slide 6: Cypriot Economy Outperforming European Average; Fiscal Surplus Since 2022
Cypriot Economy Outperforming European Average; Fiscal Surplus Since 2022 Strong public debt to GDP, below Euro area average Rebound in public finances from 2022 onwards As at 31 March 2025 Budget surplus as % of GDP 153% 138% 114% 104% 4.3% 3.9% 96% 4.5% 2.1% 2.7% 88% 2.5% 1.0% 0.5% 64% 62% -1.5% -
Slide 7: 2Q2025 - Strong Performance Maintained Across Key Metrics
2Q2025- Strong Performance Maintained Across Key Metrics Profit after tax flat qoq at €118 mn Controlled NII reduction as volume growth and deposit 5.0% behaviour cushions the impact from normalising rates 4.0% 4.0% 3.3% 3.8% 3.0% 2.8% 2.3% 2.0% 2.8% 137 2.5% 207 2.1% 117 118 198 186 107 1.0% 182 0.
Slide 8: Shareholder Value Creation
Shareholder Value Creation ROTE on 15% 29.9% 23.2% 25.9% 26.1% CET1 ratio 30.00% 40.0% 25.00% 20.0% 20.00% 0.0% 15.00% 23.7% -20.0% 10.00% -40.0% Maintaining strong ROTE of 5.00% 0.00% 17.1% 18.3% 18.2% -60.0% -80.0% 18.2% despite rate reductions ROTE reported 2Q2024 4Q2024 1Q2025 2Q2025 Organic cap
Slide 9: 2025 Guidance: 70% Distribution and Upside to ROTE Target
2025 Guidance: 70% Distribution and Upside to ROTE Target 1H2025 2025 Targets (set in February 2025) Net Interest Income €368 mn <€700 mn Upside Average ECB Depo rate 2.6% 2.3%4 Cost to Income 36% c.40% Ratio1 Towards the lower end Cost of Risk 36 bps of normalised levels of 40-50 bps Organic capita
Slide 10: 2025 Distribution at 70% and Initiation of Interim Dividend
2025 Distribution at 70% and Initiation of Interim Dividend 2025 Distribution planned at top end of payout range Building a strong track record of attractive shareholder returns Payout ratio 70% 50% 2025 Distribution targeted at 70% payout ratio1,2, at the top end of 30% Distribution Policy of 50-
Slide 11: Table of Contents
Table of Contents Executive Summary – Updated Financial Target 1. Executive Summary 2. 1H2025 Financial Performance 3. Capital & Asset Quality 4. ESG update 5. Appendix Appendix 11
Slide 12: 1H2025 Highlights
1H2025-Highlights • Strong Cypriot economy growing faster than Euro area average Economic growth to • Strong new lending of €1.6 bn in 1H2025, up 31% yoy, driven mainly by international and corporate demand continue • Gross performing loans at €10.66 bn, up 5% since December 2024 • Profit after tax
Slide 13: Income Statement
Income Statement € mn 1H2025 1H2024 yoy% 2Q2025 1Q2025 qoq% Net Interest Income 368 420 -12% 182 186 -2% Non-interest income 141 129 10% 72 69 5% Total income 509 549 -7% 254 255 0% Total operating expenses (181) (167) 8% (94) (87) 7% Special levies on deposits and other levies/ (16) (19) -17% (8) (
Slide 14: Highly Liquid Balance Sheet Being Positioned for Lower Rates
Highly Liquid Balance Sheet Being Positioned for Lower Rates (€ bn) 27.10 27.10 Other assets 1.82 Other 1.57 REMU repossessed 0.44 properties Equity (incl AT1) 2.82 • 22% linked with Bank’s base rate1 (‘natural MREL requirement already achieved with hedging’ of time & notice cost of deposits) Wholes
Slide 15: Resilient NII Amid Rate Normalisation Cycle
Resilient NII Amid Rate Normalisation Cycle Underpinned by Volume Growth and Deposit Behaviour NII remained strong at €182 mn; NIM at 298 bps Effective yield on assets & cost of funding 2 370 Performing loans Cost of deposits NIM1(bps) 400 352 334 313 1 1,3 298 Liquid assets Cost of wholesale fundin
Slide 16: Continued Hedging Actions Further Reducing NII Sensitivity
Continued Hedging Actions Further Reducing NII Sensitivity NII sensitivity to parallel shift in interest rates (annualised)6 Hedging (€ bn) Dec 2024 Mar 2025 Jun 2025 Receive fixed IRSs1 -100 bps Dec 2022 Dec 2024 Jun 2025 2.91 3.40 3.89 on non-maturing deposits Average EUR -€126 mn -€83 mn -€74 mn
Slide 17: Deposits up 6% yoy; Improved Deposit Pricing and Mix
Deposits up 6% yoy; Improved Deposit Pricing and Mix Deposits at €20.9 bn up 1% qoq; mix at 30%, down 3 p.p. qoq Cost of deposits in a downward trend, at 0.29%1 in 2Q2025 € bn Cost of deposits2 +6% 31 35 38 34 35 29 (bps) 20.5 20.7 20.9 19.7 104 112 108 100 6.3 30% 110.0 91 88 6.4 33% 6.7 33% 6.8 33
Slide 18: Strong New Lending at €1.6 bn; up 31% yoy
Strong New Lending at €1.6 bn; up 31% yoy New lending at €760 mn in 2Q2025 Gross performing book2 up 5% since December 2024 € mn € bn +5% 10.45 10.66 +31% 10.06 10.16 1.04 1.11 0.82 0.96 842 1,602 727 760 139 327 3.76 3.62 3.79 3.85 676 1,227 64 194 188 551 137 73 430 709 0.98 0.98 1.00 1.00 358 269
Slide 19: Fixed Income Portfolio up 21% yoy, Representing 17% of Total Assets
Fixed Income Portfolio up 21% yoy, Representing 17% of Total Assets Fixed income securities per category - NBV Fixed income securities per issuer type - NBV to increase to: (€ mn) % assets 15% 16% 17% 17% • c.18% in 20251 • c.20% in the medium-term1,2 +21% (€ mn) 4,519 4,650 4,519 4,650 328 Other fi
Slide 20: Non-NII at €72 mn in 2Q2025, up 5% qoq
Non-NII at €72 mn in 2Q2025, up 5% qoq Total Non-NII(€ mn) +10% +5% • Non-NII up 10% yoy reflecting; 141 68 69 72 129 5 • Higher net fee and commission income by 2% yoy, 66 4 8 1 2 16 1 4 3 8 8 11 8 primarily due to higher non-transactional fees 4 4 4 4 7 11 23 24 13 12 12 • Higher REMU gains on the
Slide 21: Profitable Life Insurance Business
Profitable Life Insurance Business - Valuable and Sustainable Contribution to the Group Net insurance result Recurring PAT1 (€ mn) (€ mn) 10% 6% 19% Contribution 13.6 14.1 14.1 12.4 13.0 12.9 Contribution ROE to Group to non-NII PAT1 1H2023 1H2024 1H2025 1H2023 1H2024 1H2025 • Total regular income u
Slide 22: Profitable Non-Life Insurance Business
Profitable Non–Life Insurance Business - Valuable and Sustainable Contribution to the Group Net insurance result Recurring PAT1 (€ mn) +22% (€ mn) +30% 7% 4% 11.0 10.3 8.9 20% 7.8 Contribution 8.4 ROE 6.0 Contribution to Group to non-NII PAT1 1H2023 1H2024 1H2025 1H2023 1H2024 1H2025 • GWP up 2% yoy
Slide 23: Acquisition of Ethniki Insurance Cyprus Ltd Completed in July 2025
Acquisition of Ethniki Insurance Cyprus Ltd Completed in July 2025 • Total consideration of €29.3 mn, in cash; c.15 bps capital impact • The transaction is aligned with the strategy of the Group to: Key financials 3%1 4%1 • further solidify leading market positions in both Life and Non-Life markets
Slide 24: Leading Card Processing and Payment Solutions Business in Cyprus
Leading Card Processing and Payment Solutions Business in Cyprus Strong transaction growth in value; up 14% yoy 12% 18% 79% Value of transactions (€ mn) +14% Contribution Market ROE share1 8,287 to non-NII 7,299 6,400 5,272 1H2022 1H2023 1H2024 1H2025 Net fee and commission income • Net fee and comm
Slide 25: Leveraging on Digital Offerings to Enhance Sales and Customer Experience
Leveraging on Digital Offerings to Enhance Group’s Sales and Customer Experience… Increased use across all digital channels Strong results from digital sales, both in banking and insurance As at 30 June 2025 Digital Loans +24% (€ mn) 167 135 118 493k 460k Jun 24 Dec 24 Non-life insurance digital sal
Slide 26: Continuously Investing in New Digital Initiatives Engaging Clients
…While Continuously Investing in New Digital Initiatives Engaging Clients Recent key digital initiatives • Micro lending solution • Teens can spend and save money • Automated decision making • Parents can securely send money for their • Flexible repayment plans teens to use under their watchful eye
Slide 27: JINIUS; Leader in Shaping the Digital Local Economy
JINIUS; Leader in Shaping the Digital Local Economy Business-to-Business (B2B) Business-to-Consumer (B2C) Going forward… • Electronic Invoicing • First service launched in April 2024 • Embed banking services & • Remittance management • Product Marketplace (13 product insurance products in Jinius (i.
Slide 28: 2Q2025 Cost to Income ratio at 37%
2Q2025 Cost to Income ratio1 at 37% Total operating expenses1 up 8% yoy and 7% qoq YoY Performance (1H2025 vs 1H2024) (€ mn) +8% • Staff costs up 4% yoy due to salary increments and cost-of-living adjustments 35% 38% 37% 200 181 1.0 (COLA) 29% 32% 34% 167 120 1.0 •0.8 Other operating expenses up 8%
Slide 29: Cost of Risk at 36 bps in 1H2025
Cost of Risk at 36 bps in 1H2025 Cost of risk Bank’s IFRS 9 macroeconomic assumptions 0.62% Base line GDP rate Unemployment rate 2025 2.9% 4.6% 0.36% 0.30% 0.31% 2026 2.5% 4.5% FY2023 FY2024 1H2024 1H2025 • Cost of risk at 32 bps (€9 mn) in 2Q2025, down 7 bps qoq, reflecting the continued strong und
Slide 30: Table of Contents
Table of Contents Executive Summary – Updated Financial Target 1. Executive Summary 2. 1H2025 Financial Performance 3. Capital & Asset Quality 4. ESG update 5. Appendix Appendix 30
Slide 31: Robust Capital Position; CET1 at 20.6%
Robust Capital Position; CET1 at 20.6% • Regulatory CET1 ratio at 20.6% and includes distribution accrual at the top end of distribution policy (i.e. 70% payout ratio) Regulatory capital ratios 25.8% 24.8% • Organic capital generation of 215 bps4 in 1H2025, of which 104 bps4 23.3% 23.7% 24.0% in 2Q2
Slide 32: Healthy Asset Quality: NPE Ratio at 1.7%
Healthy Asset Quality: NPE Ratio at 1.7% NPEs down 1% qoq to €188 mn; fully covered NPE ratio further reduced to 1.7% NPE 73% 111% 122% 124% coverage 3% 2.8% 2.4% 365 3% (€ mn) 1.9% 1.8% 119 2% 1.7% 31 201 2% 190 188 44 74 65 56 1% 7 17 7 18 17 17 1% 171 103 100 98 0% 1 Dec 23 Dec 24 1 Mar 25 Jun 25
Slide 33: REMU Stock Reduced to €442 mn; 2025 Target Already Achieved
REMU Stock Reduced to €442 mn; 2025 Target Already Achieved REMU stock reduced to €442 mn in June 2025 Organic sales1 consistently close to Open Market Value; comfortably above Book Value BV to 80% 76% 72% 71% 72% OMV2.0 114% Sale of the largest 110% 109% 104% 105% 1.5 property in June 2025 97% 1.08
Slide 34: Our Priorities Going Forward
Our Priorities Going Forward Leveraging on BOCH’s strengths • Leading financial Hub • Diversified business model • Strong domestic franchise • Strong digital infrastructure • Holistic offering • Long lasting relationships Capital and Shareholder Returns Growth Initiatives • Provide attractive return
Slide 35: BOC Rated at Investment Grade by all Credit Rating Agencies
BOC Rated at Investment Grade by all 3 Credit Rating Agencies Moody’s upgraded rating to A3 in May 2025; outlook stable S&P upgraded rating to BBB- in February 2025; outlook stable A3 8 A3 A- 8 A- Baa1 A3 BBB+ 7 Baa2 BBB 7 Baa3 Investment grade Baa3 BBB- Investment grade BBB- Ba16 BB+ 6 Ba2 BB Ba35
Slide 36: Key Information and Contact Details
Key Information and Contact Details Contacts Investor Relations & ESG Executive Director Finance Tel: +357 22 122239, Email: investors@bankofcyprus.com Eliza Livadiotou, Tel: +35722 122128, Email: eliza.livadiotou@bankofcyprus.com Annita Pavlou Manager Strategy, Investor Relations & ESG Tel: +357 22
Slide 37: Table of Contents
Table of Contents Executive Summary – Updated Financial Target 1. Executive Summary 2. 1H2025 Financial Performance 3. Capital & Asset Quality 4. ESG update 5. Appendix 37
Slide 38: Key milestones achieved by 1H2025
Key milestones achieved by 1H2025 • Published the allocation and impact report for Green Bond issued in 1H2024 • c.€418 mn Green Housing gross loans with EPC Category A as of June 2025, compared to c.€321 mn as of E December 2024 • Environmentally Friendly gross loans of c.€453 mn as of June 2025 co
Slide 39: ESG Journey
ESG Journey The ESG strategy formulated in 2021 is continuously expanding. The Group is maintaining its leading role in the Social and Governance pillars and focuses on increasing the Group’s positive impacts on the Environment, by transforming not only its own operations, but also the operations of
Slide 40: Delivering on our ESG Commitments
Delivering on our ESG Commitments Stakeholder ESG Priorities in 2025 SDG • Set additional decarbonisation targets on loan and investment portfolios based on methodologies and data available • Enhance ESG disclosures to ensure transparency against the ESG performance by publishing the second Corporat
Slide 41: Delivering on our ESG Commitments
Delivering on our ESG Commitments Climate Change – Target 1: Reducing Scope 1 & Scope 2 GHG emissions by Bank’s performance against baseline of 2021²: 42% by 2030 compared to 2021 baseline • c. 11% decrease in Scope 1 and Scope 2 GHG emissions in 1H2025 (42%) (11%) (25%) (25%) GHG Emissions – Scope
Slide 42: Delivering on our ESG Commitments
Delivering on our ESG Commitments Climate Change: Increase portfolio of environmentally friendly loans Climate Change: Increase utilisation of renewable energy in own Gross loans (€ mn) operations 49% 28% 30% 453 418 222,618 354 Renewable energy 149,031² 321 (kWh) 1H2024 1H2025 • c.49% increase in r
Slide 43: Delivering on our ESG Commitments
Delivering on our ESG Commitments Learning & Development: Provide upskilling/reskilling employee opportunities Gender Diversity: At least 30% women in ExCo and Senior Management by 2030 Training Attendance (hours) Women 18,632 Men 14,397 9,085 11,555 33% 33% ≥ 30% 27% 1H2025 1H2024 • Trainings att
Slide 44: Corporate Social Responsibility (CSR)
Corporate Social Responsibility (CSR) IDEA1 Innovation Center SupportCy Network: Maintain leadership and continue playing an active The IDEA Innovation Center (since incorporation) and positive role in the community 95 100 New companies created (#) 1,200 1,080 Invested amount (€ mn) 950 4.00 4.25 1H
Slide 45: Appendix: Macroeconomic overview
Table of contents Executive Summary – Updated Financial Targets FY2022 Financial Performance Appendix Macroeconomic overview 45
Slide 46: Cyprus is a Growing Business and Tech Hub in the Region
Cyprus is a Growing Business and Tech Hub in the Region Well educated, highly skilled labour force Labour costs significantly below the average Euro area Level of education (€ ‘000) Tertiary 46% 28 #3 country in Europe on 21 number of university 16 graduates per capita in 2024 15 15 Upper secondary
Slide 47: Appendix: Additional financial information
Table of contents Executive Summary – Updated Financial Targets FY2022 Financial Performance Appendix Additional financial information 47
Slide 48: Robust Liquidity Position; Significant Surplus Liquidity of €8.1 bn
Robust Liquidity Position; Significant Surplus Liquidity of €8.1 bn Diversified, mainly retail funded deposit base Highly liquid balance sheet Group deposits Liquid assets • Sticky deposit base • 55% insured deposits 6% 3% 19% • 62% Retail 7% • Average size of Retail deposits: c.€30k 30% €14.1 bn 53
Slide 49: Analysis of Deposits
Analysis of Deposits Deposits by Type (€ bn) Deposits by Customer Sector (€ bn) Deposits by Currency (€ bn) Type Jun 24 Dec 24 Mar 25 Jun 25 Sector Jun 24 Dec 24 Mar 25 Jun 25 Currency Jun 24 Dec 24 Mar 25 Jun 25 Retail 12.40 12.61 12.68 12.98 EUR 17.92 18.56 18.82 19.13 Current, 13.29 13.83 13.87 1
Slide 50: Income Statement
Income Statement € mn 1H2025 1H2024 yoy% 2Q2025 1Q2025 qoq% Net Interest Income 368 420 -12% 182 186 -2% Net fee and commission income 88 86 2% 44 44 1% Net foreign exchange gains and net gains on financial instruments 18 13 33% 9 9 -2% Net insurance result 24 23 7% 12 12 6% Net gains from revaluati
Slide 51: Consolidated Balance Sheet
Consolidated Balance Sheet % % Assets (€ mn) 30.06.2025 31.12.2024 change Liability and Equity (€ mn) 30.06.2025 31.12.2024 change Cash and balances with central banks 7,401 7,601 -3% Deposits by banks 502 364 38% Loans and advances to banks 1,005 821 22% Customer deposits 20,903 20,519 2% Reverse r
Slide 52: ROTE on 15% CET1 Ratio
ROTE on 15% CET1 Ratio TBV adjusted for excess CET1 capital on a 15% CET1 ratio ROTE on 15% CET1 € mn Jun 25 Mar 25 Dec 24 € mn Jun 25 Mar 25 Dec 24 Shareholders’ equity 2,574 2,700 2,590 PAT annualised 473 474 508 Average TBV - Intangible assets (47) (47) (50) adjusted for excess 1,820 1,835 1,839
Slide 53: Capital Position; Quarterly Evolution
Capital Position; Quarterly Evolution min OCR1 requirement for June 2025 25.8% 20.6% 5.2% 19.7% 19.9% 1.1% (0.6%) 0.4% (0.1%) (0.1%) 1.1% (0.8%) 16.09% 11.39% Regulatory 1Q2025 profits distribution CET1 incl. 2Q2025 profits Distribution RWA Other AT1 coupon CET1 incl. AT1 & T2 Capital Ratio CET1 acc
Slide 54: Risk Weighted Assets – Regulatory Capital
Risk Weighted Assets– Regulatory Capital Risk Weighted Assets by Geography Reconciliation of Group Equity to CET1 € mn 31.12.23 31.12.24 31.03.25 30.06.25 € mn 30.06.25 Cyprus 10,297 10,810 10,454 10,261 Shareholder’s equity 2,574 Less: Intangibles (21) Overseas 44 24 41 39 Less: Deconsolidation of
Slide 55: Overall Capital Requirements
Overall Capital Requirements CET1 ratio Total capital ratio 16.50% 16.05% 16.09% c.1.50% 11.91% CCyB c.0.92% c.0.90% 11.34% 11.39% O-SII c.1.88% c.1.94% 2.00% c.1.50% CCyB c.0.92% c.0.90% 2.00% CCB 2.50% 2.50% 2.50% O-SII c.1.88% c.1.94% Pillar 2R 2.75% 2.75% 2.50% CCB 2.50% 2.50% 2.50% Tier 2 2.00%
Slide 56: Buffer to MDA Restrictions Level & Distributable Items
Buffer to MDA Restrictions Level & Distributable Items1 CET1 Ratios 924 bps 20.6% • Significant CET1 MDA buffer as at 30 June 2025: 924 bps (€952 mn) 11.4% • Distributable items1 of €2,362 mn for BOCH as at 30 June 2025 • Based on 2024 SREP letter, the requirement for regulatory approval for dividen
Slide 57: MREL Requirement Met with Significant Buffer
MREL Requirement Met with Significant Buffer • MREL ratio including capital used to meet the CBR1 ( as % of RWAs) at 35.9%2 MREL (% of RWAs) as at 30 June 2025 • MREL ratio (as % of Leverage Ratio Exposure (LRE)) at 13.8%2 as at 30 June 35.9% 2025 4 29.2% 10.0% c.5.3% • Based on SRB communication re
Slide 58: Income Statement Bridge for 1H2025
Income Statement Bridge1 for 1H2025 Underlying Statutory € mn Other basis Basis Net interest income 368 - 368 Net fee and commission income 88 - 88 Net foreign exchange gains and net gains on financial instruments 18 (1) 17 Net losses on derecognition of financial assets measured at amortised cost -
Slide 59: Analysis of Interest Income and Interest Expense
Analysis of Interest Income and Interest Expense Analysis of Interest Income (€ mn) 1Q2024 2Q2024 3Q2024 4Q2024 1Q2025 2Q2025 1H2024 1H2025 Loans and advances to customers 138 139 139 132 124 121 277 245 Loans and advances to banks and central banks 92 73 69 64 57 46 165 103 Repurchase agreements 4
Slide 60: Business Plan Forward Curves
Business Plan Forward Curves Average quarterly ECB Deposit rate Average 6m Euribor rate 2025: 2.2% 2026: 1.7% 3.9% 2025: 2.1% 2026: 1.9% 3.5% 3.3% 3.4% 3.0% 2.8% 2.8% 2.9% 2.5% 2.3% 2.2% 2.5% 2.0% 2.0% 2.1% 2.1% 2.3% 2.0% 2.0% 2.4% 2.2% 2.2% 2.2% 2.2% 2.0% 2.1% 2.2% 2.1% 2.0% 1.8% 1.9% 1.5% 1.8% 1.8
Slide 61: Income Statement by Business line for 1H2025
Income Statement by Business line for 1H2025 IBU & Consumer SME Corporate € mn International RRD REMU Insurance Treasury JCC Other Total Banking Banking Banking corporate Net interest income/(expense) 176 26 68 64 5 (5) - 37 - (3) 368 Net fee & commission income/(expense) 33 5 10 24 1 - (4) 2 14 3 8
Slide 62: Statutory Income Statement for Insurance Businesses for 1H2025
Statutory Income Statement for Insurance Businesses for 1H2025 € mn 1H2025 1H2024 yoy% € mn 1H2025 1H2024 yoy% Insurance revenue 41.5 39.3 6% Insurance revenue 36.2 33.4 8% Insurance service expense (26.4) (23.6) 12% Insurance service expense (15.8) (18.2) -13% Net insurance service result 15.1 15.7
Slide 63: Appendix: Additional Asset Quality Slides
Table of contents Executive Summary – Updated Financial Targets FY2022 Financial Performance Appendix Additional Asset Quality Slides 63
Slide 64: Well Diversified Loan Portfolio With High Quality Collateral
Well Diversified Loan Portfolio With High Quality Collateral Gross performing book1 by business sector of €10.66 bn € bn Other Housing Private 4.01 0.76 4.77 Individuals Hotels & 1.22 Catering Real Estate 0.90 Private individuals Private individuals Business LTV2 Housing Other €5.89 bn €4.01 bn €0.7
Slide 65: Loans by Economic Activity, Customer Type and Arrears Analysis
Loans by Economic Activity, Customer Type and Arrears Analysis Gross loans (€ mn) Dec 241 Mar 25 Jun 25 Gross loans by customer type (€ mn) Dec 241 Mar 25 Jun 25 Trade 906 913 911 Retail Housing 3,631 3,647 3,689 Manufacturing 319 410 461 Retail other Hotels & Catering 1,158 1,194 1,221 1,076 1,082
Slide 66: Gross Loans and Coverage by IFRS 9 Staging
Gross Loans and Coverage by IFRS 9 Staging Gross loans by IFRS 9 stage Allowance for expected loan credit losses Coverage ratio (€ mn) (€ mn) 10,600 10,794 10,320 231 234 Dec 241 Mar 251 Jun 25 223 59 72 73 Stage 1 9,305 9,582 9,818 Stage 1 0.6% 0.8% 0.7% 91% 52 Stage 2 6.4% 5.8% 6.0% 48 47 Stage 2
Slide 67: Stage 2 Exposures <10% of Loan Book; 98% Present no Arrears
Stage 2 Exposures <10% of Loan Book; 98% of Exposures Present no Arrears € mn 788 4.3% Hotel & catering 35 Limited migration rate of Stage 2 to Stage 3 at 3.2% 5.5% 50 Trade Of which: 57 • €250 mn (32%) Performing Forborne 7.2% Real estate • €221 mn (28%) Individual assessments 4.5% Construction 182
Slide 68: Rescheduled Loans
Rescheduled Loans1 Rescheduled loans1 by customer type Fair value of collateral and credit enhancements € bn Dec 24 Mar 25 Jun 25 30 Jun 2025 Loans and advances to customers (€ mn) Retail housing 0.09 0.07 0.07 Cash 584 Retail other 0.02 0.02 0.02 Securities 643 SMEs 0.03 0.03 0.03 Letters of credit
Slide 69: REMU - the Engine for Dealing with Foreclosed Assets
REMU - the Engine for Dealing with Foreclosed Assets €2.41 bn sales1 of 5,124 properties across all property classes since set-up €227 mn sales1 in 1H2025; comfortably above Book Value Sales € mn (contract prices1) Net Proceeds / BV 106% 107% 125% 105% # 99 331 575 579 492 1,130 674 569 486 189 Gros
Slide 70: REMU - the Engine for Dealing with Foreclosed Assets
REMU - the Engine for Dealing with Foreclosed Assets Repossessed properties sold exceed properties acquired since 2019 By type (€ mn) – 30 June 2025 Group BV (€ mn) 25 Land 44 Golf 521 74 Commercial & Manufacturing 2 1,488 442 (1,299) 266 Residential 33 Overseas (18) (250) 442 Jan 2019 Additions Sal
Slide 71: Appendix: Glossary & Definitions
Table of contents Executive Summary – Updated Financial Targets FY2022 Financial Performance Appendix Glossary & Definitions 71
Slide 72: Glossary & Definitions
Glossary & Definitions AC Amortised cost bonds. Adjusted recurring profitability The Group’s profit after tax before non-recurring items (attributable to the owners of the Company) taking into account distributions under other equity instruments such as the annual AT1 coupon. Advisory and other tran
Slide 73: Glossary & Definitions
Glossary & Definitions DTA Deferred tax asset. DTC Deferred Tax Credit. EBA European Banking Authority. ECB European Central Bank. 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 bal
Slide 74: Glossary & Definitions
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 wit
Slide 75: Glossary & Definitions
Glossary & Definitions 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 Non-interest income customers at FVPL), Net insurance result, Net (losses)/ gains from reva
Slide 76: Glossary & Definitions
Glossary & Definitions Non-legacy (performing) Relates to all business lines excluding Restructuring and Recoveries Division (“RRD”), REMU and non-core overseas exposures. The NSFR is calculated as the amount of “available stable funding” (ASF) relative to the amount of “required stable funding” (RS
Slide 77: Glossary & Definitions
Glossary & Definitions Return on Tangible equity (ROTE) 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 on 15% CET1 ratio intangible assets and after deduc
Bank of Cyprus Holdings — H1 2025 Earnings Presentation on 6ix