Investor Presentaiton

BANKING SECTOR PROFITABILITY IS STURDY AND STAYS ABOVE EU AVERAGE Profitability is set to improve further in 2023 due to rising net interest income 2.5% 2.0% 1.5% 1.0% 0.5% Return on Assets 0.0% 2019 2020 2021 2022 75% 70% 65% 60% 55% 50% 45% 40% 35% 30% 2019 2020 Cost-to-income ratio 2021 EU/EEA Latvia 2.09% 25% 20% 15% 10% 5% Return on Equity 0% 2023 Q1 2019 2020 2021 2022 90% 85% EU/EEA 80% 75% 70% 65% 60% 55% Latvia 40.3% 50% 2019 2022 2023 Q1 EU/EEA Net interest income to total net operating income 2020 Data on European Union (EU)/European Economic Area (EEA) are European Banking Authority (EBA) sample of largest institutions. For Latvia - FINREP data on all institutions are used 29 Source: Latvijas Banka, European Banking Authority (EBA) Risk Dashboard and Latvijas Banka calculations Latvia 20.1% 2023 Q1 Latvia 77.53% EU/EEA 2021 2022 2023 Q1

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