Retail Banking Financial Update

4% 6% 8% 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 INTERNATIONAL RESERVES International reserves up 11.5% y/y to US$ 3.9bn in 2020 Jan-14 Apr-14 Aug-14 Dec-14 Apr-15 Apr-15 Jul-15 INTERNATIONAL RESERVES AT ADECUATE LEVEL • MONETARY POLICY RATE Gross international reserves, US$ mn Nov-15 Mar-1 Mar-16 Jul-16 Nov-16 Feb-17 Jun-17 Oct-17 Feb-18 May-18 Sep-18 Jan-19 May-19 Sep-19 Dec-19 Apr-20 Aug-20 Dec-20 Source: NBG NBG cut policy rate by 100bps to 8.0% in 2020, 10% keeping rate unchanged since August 2020 Jan-16 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 May-18 Aug-18 Nov-18 Feb-19 May-19 Aug-19 Nov-19 Feb-20 May-20 Jul-20 Oct-20 Jan-21 75% 10% 70% 8.0% 8% 65% 60% 6% 55% 4% 50% Jan-14 Apr-14 Aug-14 Nov-14 Source: NBG CENTRAL BANK'S INTERVENTIONS Source: NBG 250220 NBG sold US$ 916mn in 2020 200 174 200 US$ sale 100 120 120 150 100 40 60 100 60 40 27 40 40 $800 80 50 20 32.8 20 50 -15 -85 о -50 -20 -20 -40 -20 -30 -40 -100 US$ purchase -63 -30 08- -70 -150 30 -25 -65 -120 -140 -200 Jan-14 Apr-14 Aug-14 Dec-14 Mar-15 Jul-15 Nov-15 Feb-16 Jun-16 Jun-16 Oct-16 Jan-17 May-17 Sep-17 Dec-17 Apr-18 Aug-18 Mar-19 ģ Nov-18 -101 Jul-19 Oct-19 Feb-20 Jun-20 Sep-20 Jan-21 INBG net interventions, US$ mn LOAN AND DEPOSIT DOLLARISATION Mar-15 Mar-15 Jul-15 Jul-15 Oct-15 Oct-15 Feb-16 May-16 May-16 Sep-16 Loan dollarization Jan-17 Apr-17 Aug-17 Source: NBG 75% 70% 61.4% 65% 60% Dec-17 Mar-18 Jul-18 Oct-18 Feb-19 Jun-19 Sep-19 Jan-20 Apr-20 Aug-20 Dec-20 Deposit dollarization 55.3% 55% 50% 54

View entire presentation