Banking Sector Financial Highlights

Sufficient international reserves cushion the economy against external shocks Gross international reserves above US$ 5bn as at end-September 2023 ■Gross international reserves, USD bn ●Gross reserves to ARA metric ratio* Net international reserves, USD bn 104% 100% 100% 5.4 5.4 94% 5.3 92% 93% 92% 93% 4.9 2.5 4.3 3.9 3.5 3.3 3.0 2.8 | - T 1.6 1.5 GI 1.6 1.7 1.8 1.6 - 16 2.2 1.7 12 2.9 18 3.0 3.0 2015 2016 2017 2018 2019 2020 2021 2022 Jul-23 Aug-23 Sep-23 Source: IMF, NBG, BOG * A ratio between 100%-150% is considered adequate In 3Q23, the NBG decreased hard currency purchases as external inflows slowed ■Central bank's interventions, net purchase in US$ m 1Q15 -160 2Q15 3Q15 -27 ■ -40 4Q15 ■ 09- 1Q16 -45 2Q16 243 3Q16 09- 4Q16 -140 1Q17 2Q17 3Q17 90 40 4Q17 1Q18 о 2Q18 3Q18 4Q18 1Q19 2Q19 135 ■30 3Q19 -73 4Q19 -20 ■ 1Q20 -100 2Q20 -121 3Q20 -265 4Q20 -430 1Q21 -164 2Q21 -93 3Q21 -94 4Q21 -4 1Q22 -26■ Net FX purchases by 2020 2021 2022 9M23 NBG, US$ m -916 -355 565 1,390 2Q22 58 3Q22 232 22077 301 1Q23 2Q23 3Q23 461 598 332 Source: NBG 9

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