Investor Presentaiton

Strong performance to continue in 2023, upgraded ROTE to >13% from >10% 2022 2023 Previous targets 2023 Updated targets NII Cost to income ratio¹ ROTE² NPE ratio (November 2022) €370 mn €450-€470 mn +40-50% yoy (€520 - €550 mn) Mid-40s 49% c.50% 4.3% 11.3% (recurring) >10% > >13% > 13% ROTE² in 20244 4.0% <5.0% <5.0% Cost of risk 44 bps 50-80 bps 50-80 bps Intention to commence dividend distributions from 20233 onwards 72 1) Excluding special levy on deposits and other levies/contributions 3) Subject to regulatory approval and market conditions 2) ROTE: calculated as Profit after Tax divided by (average Shareholders' equity minus Intangible assets) 4) Based on current forward curves and constant capital 8

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