Financial Analysis and Currency Deposits

1) 2) Capital & balance Sheet Profitability Risk adjusted yield will rise as Legacy book reduces Performing¹ Legacy Group 1H2022 1H2022 1H2022 Interest Income on loans 140 18 158 (€ mn) (pre FTP) Loan credit losses (€ mn) (6) (18) (23) Interest Income net of loan 135 135 credit losses (€ mn) • Cost of Risk 0.11% 2.92% 0.43% Effective Yield Risk adjusted Yield² 2.96% 5.38% 3.12% 2.85% 0.04% 2.66% Average Net Loans (€ mn) RWA Intensity 9,559 663 10,222 37% 99% 41% Large and International RRD corporate, Corporate IB, W&M REMU SME and Retail Banking Non legacy includes corporate (incl. IB and W&M and Large and International corporate), SME and Retail Interest Income on loans net of allowance for expected loan credit losses/Average Net Loans Overseas non core Performing Book is expected to grow and to increasingly drive Group results Legacy book revenues predominantly driven by loan credit losses unwinding (but offset via loan credit losses) Interest on Net NPEs not received in cash, fully provided (€5 mn in 1H2022) As Legacy book reduces: • • Group risk adjusted yield expected to rise Group Risk intensity expected to fall supporting CET1 ratio build 54

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