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Our Investment Case

We continue to deliver on our strategic objectives of becoming a stronger, more focused institution capable of further supporting the recovery of Cyprus and capable of delivering appropriate shareholder returns over the medium term

Reducing Risk

Systematic reduction of problem loans

Overall NPEs reduced by 39% since December 2014

NPE provision coverage increased to 49%. Medium term target substantially achieved

Stable Loan to Deposit Ratio

Customer deposits increased by €731 mn to €17.31bn accounting for 76% of total assets as at 30 September 2017

Capital Position

Total capital ratio at 13.8%

Capital levels above the minimum regulatory requirement

Strong Franchise in a Recovering Economy

Maintaining strong market shares in Cyprus