Investor Presentaiton

36 Low-risk banking sector exhibits strong ratios NPLs are still near all-time lows while capitalisation and liquidity ratios remain solid CET1 ratio by countries (Q2 2023) Trajectory of nonperforming loans (% change) 25% 20% 15% 10% 5% 0% Estonia Luxembourg Latvia Ireland Lithuania Belgium Finland L Slovenia Germany T Source: European Banking Authority Loan-to-deposit ratio (% change) SSM average Netherlands France Italy Portugal Austria Greece Spain 2 64 12 10 8 Total Consumer loans Households Non-financial corporations 0 2015 2016 2017 2018 2019 2020 2021 2022 2023 Q3 Source: Estonian Financial Supervision and Resolution Authority Liquidity ratios strengthen since 2018 33225250D 200 14 250% HQLA (EURbn) (lhs) 12 200% 150 10 150% 15 8 100 10 6 100% 50 4 50% -5 2 -10 0 0 0% 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2017 2018 2019 2020 2021 2022 2023 Q3 Q3 I Loan growth rate (lhs) Deposit growth rate (lhs) Loan-to-Deposit ratio (rhs) Source: Estonian Financial Supervision and Resolution Authority Source: Estonian Financial Supervision and Resolution Authority REPUBLIC OF ESTONIA MINISTRY OF FINANCE

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