Investor Presentaiton

Loans to customers by IFRS 9 stages Significant transfers between stage 1 and stage 2 as Covid-19 affects IFRS 9 models Loans to customers total Individuals 2 11 31.12.2019 ISK 774 billion 31.03.2020 Collateral rate on face value 31.12.2019 20 20 31.03.2020 19 2 ISK 779 billion 87 88.5% 89.4% 79 Loans in stage 3 increased by approx. ISK 1.5 billion or 11% from YE 2019 All amounts in ISK billion 31 ISK 369 billion 42 95 Corporates 2 19 ISK 405 billion 2 79 32 ISK 374 billion ISK 405 billion 66 94 ■Stage 1 Stage 2 ■ Stage 3 91.5% 91.7% 85.9% 87.3% Thereof travel exposure Travel sector transferred to Stage 2 - approx. ISK 44 billion 17 ISK 57 billion 5 ISK 62 billion 95 95.3% 93.6% 77 *

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