Investor Presentaiton

Improving risk indicators in Poland - NPL ratios by sector Asset quality trends in Poland Comparison of NPL ratios for CEE countries - 2019 13.0% 7.5% I...... 3.7% 5.2% 4.9% 13% 12% 11% 10% 9% 8% 4.8% 4.1% 7% 6% 5% 4% Czech Republic Bulgaria Slovenia Hungary Romania Poland Slovakia Source: ECB (Statistical Data Warehouse) Mortgage NPL ratio evolution in Poland 4% 3% 2% 1% Introduction of IFRS9 12/09 12/10 12/11 12/12 12/13 12/14 12/15 12/16 12/17 12/18 12/19 Source: Polish FSA 8.73% 6.85% 6.07% 3.49% 2.42% A conservative regulatory environment Recommendation S Introduction of a limitation on LtV: to 90%, if part of the loan exceeding the 80% limit was insured or backed by high quality collateral, and to 80% in other cases; a gradual reduction to the target levels in 2017 Recommended to retail customers repayment period no longer than 25 years for retail customers Foreign-currency mortgage loans as a niche product offered only to borrowers earning permanent income in the loan currency Recommendation T Assessment of the client's standing based on certificates of income, external databases, e.g. the Credit Information Bureau (BIK) Maximum Debt-to-Income ratio determined by the bank's management board and approved by the supervisory board FX Mortgages Total mortgages 0% 12/09 12/10 12/11 12/12 12/13 12/14 12/15 12/16 12/17 12/18 12/19 Source: Polish FSA m mGroup Covered bonds Cover Pool Polish Economy Real Estate Market Legislation 42

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