Investor Presentaiton

The decline in adjusted profit after tax was mainly due to the surge in risk costs. The 1Q corporate tax burden was shaped by the write-off of Russian deferred tax assets in the amount of HUF 6.4 billion; in addition to this, the 1Q effective corporate tax rate was upwardly biased by the fact that no deferred tax assets were recognized in Russia and Ukraine (HUF billion) Adjusted profit after tax Profit before tax 1Q 2021 4Q 2021 2021 1Q 2022 Q-o-Q FX-adjusted Y-o-Y FX-adjusted 117.3 123.3 496.9 88.6 -25% -24% 138.4 147.6 587.9 118.1 -17% -14% Operating profit 146.9 176.9 660.4 190.97 10% 30% Total income 301.1 362.4 1313.1 361.2 1% 20% Net interest income 203.2 247.5 884.0 239.8 -1% 18% Net fees and commissions 71.9 87.3 325.5 85.7 0% 19% Other net non-interest income 26.0 27.6 103.6 35.7 33% 37% Operating expenses Total risk cost Corporate tax -154.2 -185.5 -652.7 -170.2 -7% 10% -8.5 -29.3 -72.5 -72.9 147% 749% -21.1 -24.3 -91.0 -29.5 24% 39% Cotpbank 12

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