#1OTP Group - Decent adjusted profit without Russia and Ukraine; ample capital & stable liquidity position amid turbulent times Fixed Income Investor Presentation Based on 1Q 2022 results otpbank#2Important Information . • • This presentation has been prepared by OTP Bank Nyrt. ("OTP Bank") and is the sole responsibility of OTP Bank. This presentation and the information contained herein is strictly confidential to the recipient, have been furnished to you solely for your information and may not be further distributed to the press or any other person, and may not be disclosed, reproduced or transmitted in any form, in whole or in part, for any purpose. Failure to comply with this restriction may constitute a violation of applicable securities laws. This presentation contains statements that are, or may be deemed to be, "forward-looking statements" which are prospective in nature. 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Cotpbank 2#3OTP Group offers universal banking services to around 16 million active customers in 11 countries across the CEE/CIS Region Major Group Members in Europe Total Assets Montenegro Albania Russia Systemic position in Hungary... 1Q 2022 market share (%) OTP Bank Russia Moldova Ukraine Romania otpbank SKB Banka (Slovenia) OTP Bank Ukraine Slovenia 5% 1% 3% 5% 3% 2% 1% Total assets 28 Retail loans =4 34 Serbia 8% 47% Hungary OTP Bank Moldova Retail deposits 39 OTP Bank Romania OTP Bank OTP Bank 9% Croatia 17% Croatia Serbia DSK Bank Bulgaria OCKB OTP Bank Albania Montenegro Corporate loans Corporate deposits 19 Bulgaria 24 24 Total Assets: HUF 28,790 billion Asset management 25 25 Number of Branches Headcount as well as in other CEE countries Albania Moldova Russia Bulgaria Montenegro Ukraine 51 Russia 34 Hungary 15% 39 133 356 Romania Slovenia 7% 2% Montenegro Albania Moldova No. 2 in Total assets No. 1 in Retail deposits No. 1 in Retail loans Ukraine 3% 5% 1% Serbia 85 3% Serbia 8% Romania 95 7% 49 Croatia 34% Slovenia 311 184 Hungary Slovenia Croatia Russia² Bulgaria 16% 114 Serbia Bulgaria No. 2 in Total assets No. 1 in Gross loans No. 3 in Total assets No. 4 in Total assets No. 1 in POS lending No. 10 in Credit card business No. 20 in Cash loan business Croatia Total number of branches: 1,451 Total headcount: 33,464¹ Excluding selling agents employed at OTP Bank Russia and at OTP Bank Ukraine. 2 Estimated market positions, including OTP MFO. Montenegro No. 1 in Total assets Cotpbank 3#4Strong CEE franchise offsets temporary losses in Ukraine and Russia; the Group performance may be similar to 2021 performance without the Russian and Ukrainian operations PROFITABILITY 2021/1Q 20221 SIZE & GROWTH CAPITAL STRENGTH ASSET QUALITY FUNDING & LIQUIDITY Profit after tax €1.27bn/-€0.09bn Total assets €74.7bn/€77.9bn CET1 ratio 17.5% / 16.2% Stage 3 ratio Net LTD 5.3% / 5.2% 75% / 74% ROE 17.0% / -4.6% Loan growth +15% / +3% CAR 19.1% / 17.8% Risk cost rate 0.30% / 1.42% LCR 180% / 224% ➤ Stable management ➤ Adjusted profit after tax without Russia and Ukraine demonstrates resilience Stable asset quality with prudent provision coverage levels ➤ Decent capital standing supported by historically strong capital generation ➤ Ample liquidity reserves, light redemption profile Strong commitment to regional leadership position in financing the transition to a low carbon economy 1 Based on IFRS financial statements for 31 December 2021 and 31 March 2022, or derived from those, see Footnotes and glossary in Appendix. Cotpbank 4#5OTP Bank offers a unique investment opportunity to access the CEE banking sector. The Bank is a well diversified and transparent player without strategic investors Ownership structure of OTP Bank on 31 March 2022 BANK Employees & Senior Officers Treasury shares Domestic Individual- Domestic Institutional 14% -Others² 10% 0% 0% 5% 0% Groupama -Group (France) EUROMONEY AWARDS FOR EXCELLENCE CENTRAL AND 2021 EASTERN EUROPE BEST BANK EUROMONEY AWARDS FOR EXCELLENCE HUNGARY 2021 BEST BANK 'Best Bank in CEE 2018 and 2021' 'Best Bank in Hungary 2017,2018, 2020 and 2021' 'Best Bank in Bulgaria 2021' 'Best Bank in Montenegro 2020 and 2021' 'Best Bank in Albania 2020 and 2021' The Banker The Banker MOL (Hungarian Oil and Gas Company) 9% Kafijat 7% Group (Hungary) 1 On 6 May 2022. 55% Other Foreign Institutional Bank of the Year 2021 CENTRAL & EASTERN EUROPE Bank of the Year 2021 HUNGARY 'Best Bank in CEE 2021' 'Best Bank in Hungary 2020 and 2021' 'Bank of the Year in Croatia in 2021' 'Bank of the Year in Montenegro in 2021' 'Bank of the Year in Slovenia in 2020 BEST BANK AWARD GLOBAL FINANCE and 2021' 'Best Bank in CEE 2022' 'Best Bank in Hungary in 2022' since 2012 in all consecutive years 'Best Bank in Montenegro in 2022' 'Best Bank in Slovenia in 2022' 2 Foreign individuals, International Development Institutions, government held owner and non-identified shareholders. DIGITAL BEST AWARD 2021 GLOBAL FINANCE BANK AWARD SAFEST 2021 GLOBAL FINANCE EBANK AWARD 'Best Consumer Digital Bank in Hungary in 2019, 2020 and 2021' 'Safest Bank in Hungary in 2020 and 2021' SME GLORAKCE X PROVIDER BEST FX PRO 2022 AWARD 2022 GORANCE PRIVATE BEST BANK KAWARD 02022 GLOBAL FINANCE 'Best SME Bank in CEE and in Hungary in 2022' 'Best FX providers in Hungary in 2017, 2018, 2019, 2020, 2021 and 2022' 'Best FX providers in Bulgaria in 2021 and 2022' 'Best FX providers in Slovenia in 2022' 'Best Private Bank in CEE in 2022' 'Best Private Bank in Hungary in 2020 and 2021 and 2022' 'Best Private Bank in Montenegro in 2022' Cotpbank LO 5#6By products Almost 80% of the total net loan book is invested in EU countries, with Hungary having the dominant share. Retail lending remains the leading product Breakdown of the consolidated net loan book (in HUF billion) By countries 1Q 2022 Hungary1 5,784 billion Bulgaria, Leasing Leasing Corporate 7% Mortgage 8% 29% 16,054 16,054 35% 9% Corporate 35% 100% · 100% 21% Consumer MSE MSE 28% 3% 28% 2,886 billion Mortgage Consumer 27% Mortgage Croatia Hungary 36% Leasing 1,765 billion Mortgage Serbia 1,738 billion 7% Leasing Mortgage 5% Corporate 27% 21% 41% 23% Corporate 48% 23% 22% Consumer 3% 3% Consumer Consumer MSE MSE Bulgaria 18% Slovenia 1,015 billion Romania 1,020 billion 5% MSE Leasing Leasing 5% 17% Mortgage Croatia 11% 36% Mortgage 41% 44% 36% 9% Corporate 8% Serbia 11% Slovenia 6% 6% Romania Ukraine 4% Montenegro Russia 3% Moldova 2% Albania 1% 7% Leasing 1% 1Q 22 1Q 22 Corporate 2% Consumer 39% Corporate MSE 2% Consumer MSE Russia 517 billion Ukraine Corporate 583 billion Mortgage Consumer 17% 1% 15% Corporate 56% 28% 82% Leasing Consumer 1 Including OTP Core and Merkantil Group (Hungarian leasing). Cotpbank 6#7Hungary represents half of the deposit book, Bulgaria is the second largest deposit holder in the Group. Retail volumes account for 56% of the total deposit base Breakdown of the consolidated deposit base 1Q 2022 (in HUF billion) Hungary1 10,846 billion Bulgaria 3,876 billion Vállalati By countries By products Retail term Retail term Vállalati 40% 35% MKV 13% 8% 21,830 21,830 37% 100% = 100% 13% 13% 41% Retail sight MKV Retail sight 1,860 billion Serbia Croatia 1,228 billion 34% Retail term Vállalati Retail sight Hungary 50% 25% Corporate 26% 40% Retail term MKV 8% 51% 16% 25% 9% Retail term Retail sight MSE 22% Retail sight Slovenia 1,226 billion Romania 820 billion Retail term Corporate Bulgaria 18% 11% MSE Croatia 9% Serbia ། 6% Slovenia 6% Ukraine 4% Montenegro /Romania 3%/Russia 2% Moldova 2% 1% 1Q 22 Albania 1% 1Q 22 Retail term 14% 27% 33% 46% MSE 13% Corporate 31% Retail sight 26% 9% Retail sight MSE Russia 34% Corporate 436 billion Ukraine 666 billion Retail term Retail term Corporate 17% 22% 37% 57% 16% 34% Corporate Retail sight 12% Retail sight 5% MSE MSE 1 Including OTP Core and Merkantil Group (Hungarian leasing). Cotpbank 7#8Acquisitions completed in the last few years materially improved OTP's positions in many countries. The financial closure of the Slovenian Nova KBM and Albanian acquisitions are expected to be completed in 2Q 2022 Target (seller, date of closing) Net loan volumes (in HUF billion) Market share in total assets (before/after acquisition1, %) Book value (in EUR million) Splitska banka, Croatia 2017 (Nov 18) 631 4.8 11.2 (4Q 16) 496 (SocGen, 2Q 2017) Vojvodjanska banka, Serbia (1Q 19) 266 1.5 5.7 (3Q 17) 174 (NBG, 4Q 2017) SocGen Expressbank, Bulgaria (1Q 19) 774 14.0 19.9 (4Q 18) 421 (SocGen, 1Q 2019) SocGen Albania (1Q 19) 124 6.0 (4Q 18) 58 50 (SocGen, 1Q 2019) SocGen Moldova (3Q 19) 102 14.0 (4Q 18) 86 98 2019 (SocGen, 3Q 2019) SocGen Montenegro (SocGen, 3Q 2019) (3Q 19) 126 17.6 30.4 (4Q 18) 99 66 SocGen Serbia (SocGen, 3Q 2019) (3Q 19) 716 5.3 13.7 (4Q 18) 381 SKB Banka, Slovenia (4Q 19) 827 8.5 (4Q 18) 356 (SocGen, 4Q 2019) |Alpha Bank SH.A., Albania I (Alpha Int. Holdings, closing exp. in 2Q '22) (4Q 20) 99 6.2 10.9 (4Q 20) 73 2021 Nova KBM, Slovenia I (Apollo Global and EBRD, closing exp. in 2Q '22) (4Q 20) Ipoteka Bank, Uzbekistan 1,633 8.2 28.7 (4Q 20) 992 I I | I (Uzbek State, put on hold²) Acquisitions total: (4Q 20) 690 8.3 (4Q 20) 314 5,988 3,417 1 Reference date of market share data: Croatia: 2Q 2017, Serbia - Vojvodjanska 4Q 2016, Bulgaria: 1Q 2019, Albania - SocGen: 4Q 2018, Serbia - SocGen 2Q 2019, Moldova: 2Q 2019, Montenegro: 2Q 2019, SKB Slovenia: 4Q 2018, Nova KBM Slovenia: 4Q 2020, Ipoteka Uzbekistan: 3Q 2021, Albania - Alpha: 3Q 2021. 2 On 29 September 2021 OTP Bank signed a non-binding Memorandum of Agreement regarding the potential acquisition of the majority stake of Ipoteka Bank. Cotpbank 8#9The 1Q adjusted ROE decreased to 12.1% shaped by surging risk costs in Russia and Ukraine 2003-2008 2009-2013 average average 2014 2015 2016 2017 2018 2019 2020 2021 1Q 2022 annualised ROE -4.6% 29.4% 8.3% -7.4% 5.1% 15.4% 18.5% 18.7% 20.3% 10.9% 17.0% (from profit after tax) 4.4%5 ROE 12.1% 29.0% 11.6% 8.5% 9.6% 15.4% 18.7% 19.1% 20.6% 13.0% 18.5% (from adj. profit after tax) 23.4%5 Total Revenue 5.17% 8.60% 8.17% 7.74% 6.98% 6.79% 6.71% 6.33% 6.28% 5.37% 5.21% Margin¹ 4.75%5 Net Interest Margin¹ 3.43% 6.02% 6.28% 5.96% 5.12% 4.82% 4.56% 4.30% 4.12% 3.61% 3.51% 3.05%5 Net Fee & Comm. 1.23% 1.50% 1.47% 1.59% 1.55% 1.62% 1.75% 1.58% 1.65% 1.34% 1.29% Margin 1.18%5 Other income 0.51% 1.08% 0.41% 0.19% 0.31% 0.35% 0.41% 0.44% 0.52% 0.41% 0.41% Margin¹ 0.52%5 Operating Costs/ 2.59% 2.43% 4.47% 3.80% 3.85% 3.66% 3.70% 3.68% 3.57% Average Assets 3.31% 2.90% 2.67%4 2.26%5 Cost / Income 49.7% 47.1% 51.9% 46.5% 49.8% 52.0% 54.4% 54.9% 56.3% 52.7% 54.1% (without one-offs) 51.2%4 47.6%5 Credit Risk Cost 1.42% 0.90% 3.37% 3.68% 3.18% 1.14% 0.43% 0.23% 0.28% 1.15% 0.30% Rate² -0.41%5 CET1 capital ratio³ 9.1% 13.4% 14.1% 13.3% 13.5% 12.7% 16.5% 14.4% 15.4% 17.5% 16.2% 1 Excluding one-off items. ² Provision for impairment on loan and placement losses-to-average gross loans ratio. 3 Until 2006 calculated from Hungarian Accounting Standard based unconsolidated figures as 'quasi CET1' divided by RWA, whereby 'quasi CET1' is calculated as Primary capital less proportional deductions. From 2007 the CET1 ratio is calculated according to Basel 3 regulation, based on IFRS financials. 4 Adjusted for the shifting of Hungarian local business tax and innovation contribution from costs to the corporate tax line from 2021. 5 OTP Group excluding the Russian and Ukrainien operations. Cotpbank 9#10The consolidated profit after tax turned into red in 1Q due to the deeply negative balance of adjustment items. The adjusted profit after tax for the first quarter reached HUF 88.6 billion, a decrease of 24% q-o-q and 28% y-o-y Profit development (HUF billion) 93.3 Profit after tax 121.1 -33.4 117.3 Adjusted profit after tax 123.3 -28% 88.6 -24% 1Q 2021 4Q 2021 1Q 2022 1Q 2021 4Q 2021 1Q 2022 Adjustments (after tax) 1Q 2021 4Q 2021 1Q 2022 Special tax on financial institutions -18.9 0.0 -20.2 Impairment on Russian government bonds in the books of -34.5 OTP Core and DSK Bank Goodwill write-off and tax impact of investment impairment 0.7 2.6 -56.3 Effect of acquisitions -3.5 -6.7 -2.5 Result of the treasury share swap agreement -2.4 2.2 -8.5 Total -24.0 -2.2 -122.0 Cotpbank 110 10#11Regarding Russia and Ukraine, a,,going concern" approach is applied. Under an unexpected extremely negative scenario of deconsolidating both entities and writing down the outstanding gross intragroup funding as well, the effect for the consolidated CET1 ratio would be 0 bp in the case of Ukraine and -60 bps for Russia Adjusted profit after tax (1Q 2022, in HUF billion) 89 Total assets Net loans Shareholders' equity (1Q 2022, in HUF billion) (1Q 2022, in HUF billion) (1Q 2022, in HUF billion) in % of the Group 28,790 16,054 2,923 3.3% 2.7% 3.6% 3.2% 3.9% 6.6% -27 959 783 583 517 115 192 Cons. -34 UKR RUS Cons. UKR RUS Cons. UKR RUS Cons. UKR RUS Risk weighted assets (1Q 2022, in HUF billion) Intragroup funding (1Q 2022, in HUF billion) Consolidated capital effect³ (on CET1, based on 1Q 2022 data) Russian bond exposures (1Q 2022, w/o the Russian bank, HUF bn) Gross1 Net2 17,325 16.2% 0 bp -60 bps 15.6% 102 8.0% 5.2% 40 40 76 1,385 893 55 54 9 Cons. UKR RUS UKR RUS 1Q 22 UKR RUS CET1 Pro forma Face value Net book value 1 HUF equivalent of the intragroup funding provided by the Group to the given country. 2 Gross funding less deposit placements by the entities in the given country to other Group members. 3 Estimated CET1 impact of the Russian and Ukrainian operations, based on 1Q 2022 data. Calculation under an extremely negative scenario of deconsolidating both entities and writing down the outstanding gross intragroup funding, as well. Cotpbank 11#12The decline in adjusted profit after tax was mainly due to the surge in risk costs. The 1Q corporate tax burden was shaped by the write-off of Russian deferred tax assets in the amount of HUF 6.4 billion; in addition to this, the 1Q effective corporate tax rate was upwardly biased by the fact that no deferred tax assets were recognized in Russia and Ukraine (HUF billion) Adjusted profit after tax Profit before tax 1Q 2021 4Q 2021 2021 1Q 2022 Q-o-Q FX-adjusted Y-o-Y FX-adjusted 117.3 123.3 496.9 88.6 -25% -24% 138.4 147.6 587.9 118.1 -17% -14% Operating profit 146.9 176.9 660.4 190.97 10% 30% Total income 301.1 362.4 1313.1 361.2 1% 20% Net interest income 203.2 247.5 884.0 239.8 -1% 18% Net fees and commissions 71.9 87.3 325.5 85.7 0% 19% Other net non-interest income 26.0 27.6 103.6 35.7 33% 37% Operating expenses Total risk cost Corporate tax -154.2 -185.5 -652.7 -170.2 -7% 10% -8.5 -29.3 -72.5 -72.9 147% 749% -21.1 -24.3 -91.0 -29.5 24% 39% Cotpbank 12#13In 1Q 2022 the Russian and Ukrainian as well as the Romanian and Montenegrin operations suffered losses. This was partly offset by stronger q-o-q results in Hungary, Bulgaria and Croatia, shaped by favourable risk cost developments 1Q 2021 4Q 2021 2021 1Q 2022 Q-o-Q Y-o-Y HUF billion Adjusted profit after tax OTP Core (Hungary) 117.3 123.3 496.9 88.6 -28% -24% 56.0 45.9 213.4 94.0 105% 68% DSK Group (Bulgaria) 18.3 10.7 76.8 21.1 96% 15% OTP Bank Croatia 5.1 8.3 33.4 11.1 34% 116% OTP Bank Serbia 6.8 11.4 32.1 10.9 -5% 60% SKB Bank (Slovenia) 3.1 4.4 16.8 4.9 13% 61% OTP Bank Romania 0.5 3.3 4.3 -1.8 OTP Bank Ukraine 8.8 10.2 39.0 -34.4 OTP Bank Russia 8.0 13.4 37.6 -27.2 CKB Group (Montenegro) 2.0 -1.2 4.1 -1.2 0% OTP Bank Albania 1.1 1.6 5.5 2.3 40% 114% ༠༤ OTP Bank Moldova 1.5 1.5 5.9 -0.5 Merkantil Group (Hungary) 1.6 1.5 8.0 4.4 196% 169% OTP Fund Management (Hungary) 0.8 3.3 6.1 1.2 -64% 38% Other Group members 3.7 9.1 13.8 3.9 -57% 8% Cotpbank 13#14OTP Group achieved a profit after tax of HUF 28 billion in 1Q2022 excluding the Russian and Ukrainian operations, with the Russian subsidiary suffering a loss of HUF 27 billion and the Ukrainian HUF 35 billion, respectively in 1Q 2022 OTP Group without Russia and Ukraine OTP Bank Russia OTP Bank Ukraine P&L (HUF billion) 2021 4Q 2021 1Q 2022 Q-o-Q 2021 4Q 2021 1Q 2022 2021 4Q 2021 1Q 2022 Total income 1,111 303 312 3% 118 33 26 84 26 23 Net interest income 731 204 200 -2% 91 25 21 62 19 19 Net fees and commissions 285 76 78 2% 26 8 5 14 3 Other net non-interest income 95 24 34 44% 1 0 7 Operating expenses -568 -162 -149 -8% -56 -15 -14 -29 Operating profit 543 142 163 15% 62 18 12 55 17 Total risk costs -50 -23 -15 -2 -33 -7 Profit before tax 493 119 173 45% 47 17 -20 47 12 Corporate tax -73 -19 -22 18% -10 -3 -7 -8 Adjusted profit after tax 420 100 150 51% 38 13 -27 39 10 475220 1 -9 -8 15 -5 -49 -34 -2 0 -34 Adjustments -40 -2 -122 0 0 0 0 of which Russian gov. bond impairment 0 0 -35 0 0 0 of which investment and goodwill impairment 2 -56 0 0 380 97 28 -71% 37 13 -27 39 009 0 000 0 10 -35 Profit after tax Performance Indicators Adjusted ROE Performing loan growth (FX-adjusted) Net interest margin Cost/income ratio Credit risk cost / average gross loan volumes 17.9% +14% +4% 3.09% 3.18% 16.5% 23.4% 18.2% +3% +18% 23.1% +9% 3.05% 13.2% 13.1% 51.1% 53.3% 47.6% 47.2% 45.5% 0.19% 0.44% 2.0% -53.3% -7% 10.9% 52.9% 0.2% 16.3% 28.8% +41% 7.5% 7.8% 8.1% 34.5% 34.1% 33.8% 1.1% 2.6% 28.8% 26.3% +8% -94.1% +5% Cotpbank 14#15The consolidated net interest margin shrank by 19 bps q-o-q, mainly due to the narrowing Hungarian and Russian margins Drivers behind the q-o-q decline of the consolidated net interest margin 3.62% -13 bps -5 bps 4 bps 3.43% -4 bps 4Q 2021 OTP Core (Hungary) OTP Bank Russia Others FX-effect 1Q 2022 OTP Core's net interest income contracted by HUF 4 billion q-o-q, and the net interest margin decreased by 26 basis points due to the following factors: -29 bps NIM decline was caused by the lower swap result; +9 bps related to the mostly floating rate corporate and MSE loans that reprice gradually in the higher rate environment; -4 bps related to retail loans, as their average interest rate declined q-o-q. Bulk of the loans to households have an interest rate fixation period for at least ten years; +11 bps explained by the joint effect of higher interest income on financial assets (mainly attributable to higher interest rates on central bank deposits), and higher interest expenditures on customer deposits (mainly in the corporate segment); -13 bps composition and other effects, mainly triggered by the dilution coming from fast deposit growth and higher repo liabilities. Cotpbank 15#16Consolidated performing loans grew by 3% q-o-q, which is the same as the growth rate without Russia and Ukraine. The Hungarian PIT refund caused a decline in consumer credit, while mortgage demand (mainly green housing loans) jumped, where disbursements have not yet occurred Q-o-Q performing (Stage 1 + 2) LOAN volume changes adjusted for FX-effect - 1Q 2022 Cons. Core2 DSK (Hungary) (Bulgaria) OBH OBSrb SKB (Croatia) (Serbia) (Slovenia) OBR (Romania) OBU OBRU CKB OBA OBM (Ukraine) (Russia) (Monten.) (Albania) (Moldova) Q-o-Q nominal change 404 18 154 40 67 62 45 40 28 -47 20 12 1 20 (HUF billion) Total 3% 0% 6% 4% 4% 5% 4% 5% -7% 6% 6% 1% Consumer 0% -2% 3% 1% 1% 0% 4% -2% -4% 3% 5% -2% 2% 1% 3% 4% 3% 2% 4% Mortgage Housing loan Home equity 1% -1% 2% 5% -1% Corporate¹ 5% 1% 10% 6% 6% 11% 4% 10% -21% 9% 6% 3% Leasing 1% 0% 4% 4% -2% 1% 4% 0% Loans to MSE and corporate clients. 2 Changes of leasing volumes of Merkantil Group in Leasing line. 3% -1% Cotpbank 16#17The Hungarian loan penetration levels are still low in regional comparison implying good volume growth potential. This is also the case for Romania, as well as for the Bulgarian housing loan segment Market penetration levels in Hungary in ... Net loan to deposit ratio in the Hungarian credit institution system¹ 4Q 2021 data for other CEE/CIS countries (in % of GDP) 168% 1Q 2009 85% 4Q 2021 39.3 Slovakia 10.5 Bulgaria housing loans (in % of GDP) 29.3 Montenegro 9.0 Russia 27.7 Czechia 8.5 Romania 14.4 15.0 16.2 15.1 11.2 12.3 12.3 11.1 10.3 8.7 8.2 21.9 Serbia 7.8 Albania 7.7 7.7 7.6 8.3 8.4 20.5 Poland 4.8 Moldova 15.7 14.4 Croatia Slovenia 0.5 Ukraine consumer loans (incl. home equities) (in % of GDP) 17.0 Croatia 6.8 Czechia 15.4 15.0 12.7 13.2 12.7 13.5 Serbia 5.4 Romania 11.5 8.5 9.5 10.3 8.2 7.7 7.1 6.5 7.3 8.6 8.6 11.4 Poland 5.0 Slovenia 11.2 Bulgaria 4.1 Ukraine 10.1 Russia 4.4 Moldova 7.6 Slovakia 4.1 Albania corporate loans (in % of GDP) 26.9 28.4 29.5 28.9 28.0 27.5 39.6 Russia 24.0 28.1 22.1 Bulgaria 20.2 18.5 Slovenia Czechia 20.8 17.2 16.6 16.6 17.2 17.4 19.5 18.8 25.7 Montenegro 13.8 Ukraine 25.0 Serbia 22.1 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 20.7 Albania 22.3 Slovakia Croatia 13.9 Poland 13.5 Moldova 12.6 Romania 1 Latest available data. According to the supervisory balance sheet data provision. Cotpbank 17#18Consolidated customer deposits increased by 4% q-o-q, and by 7% in Hungary partly as a result of the PIT refund. Ukrainian and Russian deposits also increased Q-0-Q DEPOSIT volume changes adjusted for FX-effect – 1Q 2022 Cons. Core DSK OBH OBSrb SKB OBR OBU OBRU CKB (Hungary) (Bulgaria) (Croatia) (Serbia) (Slovenia) (Romania) (Ukraine) (Russia) (Monten.) OBA OBM (Albania) (Moldova) Ꮳ Q-o-Q nominal change 792 705 81 -38 -13 10 -13 17 46 1 8 -14 (HUF billion) 4% Total 7% 2% -2% -1% 1% -2% 3% 12% 0% 3% -6% 2% 5% 0% -1% -2% 0% 1% 8% -5% -2% 1% -8% Retail 6% 9% 9% -5% 1% 1% -4% 0% 37% 2% 12% -4% Corporate¹ 5,777 5,490 990 95 -511 211 -200 82 -81 27 37 73 1 Including MSE. MLE and municipality deposits. Cotpbank 18#19The Stage 3 rate continued to decline in the first quarter of 2022. The management's provisioning policy remained conservative compared to regional banking groups, especially regarding the coverage of performing loans Development of the Group's main credit quality indicators Own coverage of Stage 1+2 loans compared to regional peers at the end of 1Q 2022 Stage 1 ratio 88.8% 80.4% 81.5% 81.5% 2.4% 1.8% 1.1% 0.9% 0.8% 0.5% 0.3% & 13.9% 13.2% 13.3% otpbank Group w/o Russia and Ukraine ERSTE Raiffeisen BANK ՈՈՐ UniCredit KBC (4Q 2021) INTESA SANPAOLO (4Q 2021) Stage 2 ratio 5.3% Own coverage of Stage 3 loans compared to regional peers at the end of 1Q 2022 5.9% 5.7% 5.3% 5.2% Stage 3 ratio 61.9% 57.4% 52.5% 2019 2020 2021 1Q 22 otpbank Source: company reports (estimates in some cases). Group w/o Russia and Ukraine 62.3% 52.9% 52.7% 53.6% INTESA SANPAOLO ERSTE Raiffeisen กกก BANK UniCredit KBC (4Q 2021) (4Q 2021) Cotpbank 19#20Strong capital position, all capital adequacy ratios are well above the regulatory requirements Decomposition of the change in CET1 ratio in 2021 Regulatory minima of capital adequacy ratios for OTP Group (changes in pps) in 4Q 2022 13.2% 17.5% Combined 3.2% 10.7% +1.2 -0.1 Buffer Req. 8.8% 15.4% +0.4 2.0% 3.2% +2.8 -0.5 P2R1/ -0.3 -0.1 -1.1 1.5% 3.2% 1.1% P1R 8.0% 6.0% [ 4.5% CAR Tier 1 CET1 2.5% CCB 0.2% CCYB² 0.5% O-SII³ 0.0% SRB 4Q 2020 FX effect FX effect Regula- in RWA in CET1 tory change Organic Eligible ICES Sale of effect in interim bonds treasury RWA profit redemption shares* Other effects 4Q 2021 * On 15 December 2021, OTP Bank sold in total 12,315,635 treasury shares to two Special Employee Partial Ownership Plan Organizations at a price of HUF 16,047 per share. The positive capital impact of the sale of treasury shares was HUF 198 billion. CAR and CET1 rate actual values¹ 19.1% 17.8% " 17.5% 16.2% 2021 1Q 2022 CAR CET1 rate • • CET1 ratio decreased by 1.3 pps q-o-q: CET1 capital decreased by HUF 115 billion: -33 bn: impact of quarterly profit after tax -80 bn: effect of changes in the fair value of available-for-sale financial instruments -28 bn: due to the transitional effects of IFRS 9 -15 bn: deductions due to deferred tax increase +40 bn: effect of write-off of Russian goodwill RWA increased by HUF 633 billion: -60 bn: effect of changes in FX rates +554 bn: the effect of organic growth +139 bn: increase in non-credit risk RWA 1 The (P1R + P2R) / P1R ratio (SREP rate) for OTP Group changed to 125% starting from 1 March 2022. 2 In 4Q 2022 the CCyB level will increase to 1% in Bulgaria and 0.5% in Romania, therefore the weighted CCyB requirement on a consolidated basis is expected to be 0.19% in 4Q 2022. 3 NBH set the O-SII buffer requirement at 0.5% starting from 2022 and the requirement is expected to further increase to 1% from 2023 and to 2% from 2024. Consolidated MREL requirements . • The consolidated MREL requirement has to be met by 1 January 2024, following a 2-year transitional period. Required level is 17.66% of the Group's total risk exposure amount (TREA or RWA) and 5.89% of the Group's total exposure measure (TEM). Mandatory intermediate target level that had to be met by 1 January 2022 was 14.45% of the Group's TREA or RWA and 5.89% of the Group's TEM. The MREL requirement is to be reviewed at least once a year. • The minimum level of subordination applicable from 16 December 2024 is set at 13.5% of TREA or RWA, 5% of TEM and 8% of TLOF. • OTP Group has to meet the combined buffer requirement in addition to the MREL TREA requirement / MREL TREA subordination requirement. 1 Indicators calculated for the scope of accounting (IFRS) consolidation. In the absence of additional core capital (AT1), the Tier 1 rate is the same as the CET1 rate. Abbreviations: P1R: Pillar 1 requirement; P2R: Pillar 2 req.; CCB: Capital conservation buffer; CCyB: Countercyclical buffer; O-SII: Other Systemically Important Institutions buffer; SRB: Systemic Risk buffer. Cotpbank 20#21Robust liquidity position with more than EUR 8 billion equivalent liquidity reserves; 74% net loan to deposit ratio; 224% LCR, 123% NSFR and light maturity profile with marginal refinancing needs Consolidated¹ outstanding amount of wholesale debt (in EUR billion) 25% Share of total wholesale debt in Total Assets Subordinated debt 3% Subordinated debt Bilateral loans Senior debt Mortgage bonds 1.6 1.4 1.5 1.5 1.5 1.4 1.4 1.2 1.2 1.2 0.7 0.7 0.7 0.7 0.7 Maturity profile (end-1Q 2022, in EUR billion) 1.1 Senior and covered debt 0.7 0.5 7.3 6.3 0.2 3.9 0.2 2.8 2.8 0.1 0.2 1.6 0.8 0.6 0.5 0.8 1.7 1.3 1.7 1.8 1.8 0.0 0.2 ч 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 1Q 2022 2022 2023 2024 2025 2026 2027- Perp. 2041 Consolidated Net loans/(Deposits + Retail bonds) ratio Key liquidity ratios and liquid reserves 2020 2021 127% 110% 108% 104% 95% 89% 75% 67% 67% 68% 72% 79% 76% 75% 74% 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 1Q 2022 1 Outstanding amount of bonds are decreased by the amounts purchased by Group members. Senior bonds include retail targeted bonds, too Net loan/deposit ratio Liquidity coverage ratio (LCR) Net stable funding ratio (NSFR) Operational liquidity reserves in Hungary (in EUR billion equivalent) 1Q Thres- 2022 hold 76% 75% 74% 214% 180% 224% ≥ 100% 139% 135% 123% ≥ 100% 8.9 9.1 8.0 Cotpbank 2 21#22While OTP Bank ratings closely correlate with the sovereign ceilings, subsidiaries' ratings enjoy the positive impact of parental support Hungarian sovereign, OTP Bank and OTP Mortgage Bank ratings Moody's A1 A2 A3 Baa1 Baa2 Baa3 Ba1 Ba2 Ba3 B1 B2 B3 Moody's Moody's Moody's Hungary rating Baa2 S&P Composition of main ratings by Moody's and S&P S&P/Scope Scope A+ Moody's S&P A Scope Hungary rating A- Macro Factors Macro Factors BBB+ BBB BBB- Weighted Macro Profile Moderate- Anchor bbb- BB+ S&P Hungary rating BBB BB Financial Profile Bank-Specific Factors BB- B+ B B- Combined Solvency Score Combined Liquidity Score ba1 baa3 OTP Bank Issuer Rating / Senior Unsecured Bond Rating Financial Profile ba1 Business position Capital and earnings Risk position Funding and liquidity ± 10± +1 +1 OTP Mortgage Bank Covered Bond Rating OTP Bank Counterparty Risk Rating / Deposits Rating OTP Bank / OTP Mortgage Bank Issuer Credit Rating Long-term credit ratings of OTP Group member banks Moody's S&P OTP Bank BBB Counterparty Rating¹ Deposits Baa1 BBB Baa1 Senior Unsecured Bonds Non-preferred Senior Unsecured Bonds Subordinated Tier 2 Bonds Ba1 OTP Mortgage Bank Baa2 BBB Counterparty Risk Rating Baa1 Covered Bonds A1 Scope BBB+ BBB+ BBB Qualitative Adjustments & Support Stand-Alone Credit Profile bbb External Support Total qualitative adjustment 0 & Support Total support 0 Adjusted BCA ba1 Additional Factors Loss Given Failure (LGF) Analysis Additional factors 0 Counterparty Risk/ Deposits +3 BB+ EUR 500mn 15/07/2019 Dated subordinated debt 0 Issuer Credit Rating BBB HUF 95bn 29/09/2021 Counterparty Risk Rating/Deposit Rating Dated Subordinated Bank Debt Rating Long-term Counterparty Risk Rating for Moody's and long-term Resolution Counterparty Rating for S&P Global Baa1 Ba1 Cotpbank 22#23OTP's way to a sustainable world: dedicated permanent ESG organization, strategic focus, and visible results ORGANIZATION The whole organization of the Bank and its Subsidiaries are involved in the ESG transformation, that is steered by the ESG Committee, managed by the Green Program Director as Leader of ESG business transformation. Board of Directors Board member responsible for ESG ESG Committee Standing Executive Committee Task: Formulating strategy, plans and policies in relation to ESG, supporting management bodies, responsible for execution of the strategy Chair: Delegate of Board of Directors ESG Subcommittee Operating Committee of ESG Committee Task: operating body supporting the work of ESG Committee Chair: Green Program Director responsible for ESG business transformation of the OTP Group STRATEGY OTP Bank has successfully started implementing its ESG strategy, the main results are as follows: environment programme UN ESG risk management ESG business ESG control transformation function finance initiative Green mortgage bond issuance: In August 2021 OTP Mortgage Bank was the first to issue a green mortgage bond on the domestic market. Current volume of issued green mortgage bonds: HUF 95 billion Green Home Programme: In October 2021 OTP Bank was amongst the first banks joining the programme. Contracted amount of Green Housing loans: HUF 21 billion Validated Green Housing loans: HUF 4 billion Green corporate lending: OTP's Green Lending Framework was the first among domestic banks approved by the National Bank of Hungary. The approval will allow OTP to begin financing green projects of corporate customers. Validated corporate green loans and green bonds: HUF 67.5 billion OTP Bank, as the first bank in Hungary, has become an official Signatory of the UN Principles for Responsible Banking. RATINGS OTP Bank's improving sustainability performance has been recognized with upgraded ratings by the major ESG rating agencies: SUSTAINALYTICS a Morningstar company 20.3 SEVERE HIGH MEDIUM LOW NEGLIGIBLE MSCI A CCC B BB BBB A AA AAA ✓ CDP DRIVING SUSTAINABLE ECONOMIES most recent ! update B- Source: Company data 1 Accounted for in the Green Capital Relief Program of the National Bank of Hungary. D C B- A Cotpbank 23 23#24We have defined the main pillars of OTP Group' ESG Strategy OTP GROUP ESG STRATEGY OTP Group is aiming to be the regional leader in financing a fair and gradual transition to a low-carbon economy and building a sustainable future through our responsible solutions IMPLEMENTATION TIMELINE Present '21-'22: Planning Establish ESG frameworks (including but not limited to SFDR implementation), develop processes, set targets Near Future '22-'24: Roll out Cascade ESG strategy in breadth and depth across OTP Group Beyond '25: ESG business as usual Green banking is standard part of OTP banking, with a working ESG org KPI'S TO MEASURE STRATEGIC ESG GOALS Short term Long term Building the green book • • • Green credit portfolio by 2022 Corporate: HUF 150 billion Retail: HUF 80 billion Green credit portfolio by 2025 Corporate: HUF 1,000 billion Retail: HUF 500 billion I Source: Company data Green products on market 5 products by 2022 Green products in all segments Reducing own emissions Net carbon neutrality by the end of 2022 Total carbon neutrality strategy on group level Transparent responsibility Member of UN's Principles of Responsible Banking initiative OTP to be listed DJSI ESG index by 2025 Cotpbank 24 24#25Footnotes and Glossary Slide 4 Profit after tax and Total assets calculated with 358.52 / 364.27 (2021 / 1Q 2022) HUF/EUR average exchange rate and 369.00 / 369.62 (2021 / 1Q 2022) HUF/EUR closing exchange rate Loan growth: FX-adjusted performing (Stage 1 + Stage 2) loan growth year-on-year in 2021 and quarter-on-quarter in 1Q 2022 CET1 ratio: Common Equity Tier1 ratio under accounting scope of consolidation, including the unaudited interim profit and deducting the indicated dividend amount CAR: Capital Adequacy Ratio under IFRS including the unaudited interim profit and deducting the indicated dividend amount Net LTD: consolidated net loans / (customer deposits + retail bonds) ratio Glossary Adjustments or Adjusted or (adj.) CEE/CIS CET1 CET1 ratio EBA ECB ESG FX ICES Leverage ratio Liquidity Coverage Ratio (LCR) M&A MLE MREL MSE NII Net interest margin (NIM) NSFR Performing loans POS Return on Equity (ROE) Risk cost rate Stage 3 ratio TLOF Total revenue margin In order to present Group level trends in a comprehensive way, where indicated, the presented profit and loss statement lines or metrics calculated therefrom are adjusted by OTP Bank. Central and Eastern Europe / Commonwealth of Independent States Common Equity Tier 1 Common Equity Tier 1 / risk weighted assets European Banking Authority European Central Bank Environmental, Social, Governance Foreign currency Income Certificates Exchangeable for Shares The leverage ratio is calculated pursuant to Article 429 of CRR (Stock of High Quality Liquid Assets) / (Total net cash outflows over the next 30 calendar days) Merger and acquisition Medium and large sized enterprises Minimum requirement for own funds and eligible liabilities Micro and small sized enterprises Net interest income Net interest income/ average total assets Net Stable Funding Ratio Stage 1 Stage 2 loans Point of sale loans Net profit/ average equity Provision for impairment on loan and placement losses / Average gross customer loans Stage 3 loans/gross customer loans Total liabilities and own funds Total revenues / average total assets Cotpbank 25#26otpbank Investor Relations & Debt Capital Markets Tel: +36 1 473 5460; +36 1 473 5457 Fax: +36 1 473 5951 E-mail: [email protected] www.otpbank.hu Cotpbank 26