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Investor Presentaiton

Economic activity remained resilient against rising global headwinds in 1H22, with tourism heading to a new all- time high, sustaining the upward trend in domestic demand and favorable labor market conditions NATIONAL BANK OF GREECE Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Key indicators point to resilient growth in 2Q22 International arrivals at AIA close to their pre-Covid level 40 40 2.5 2.5 y-o-y mn persons 30 30 2.0 2.0 20 20 10 10 1.5 1.5 0 0 1.0 -10 -10 10 1.0 10 -20 -20 0.5 May-22 Manufacturing production (2M m.avg.) Goods exports (excluding oil & ships, nominal) Retail trade (volume, y-o-y) Unemployment to 12-year low & employment up by 10.9% in 4M22, with further acceleration in hiring in May-June 16y-o-y 12 62840 0 -4 -8 -12 -16 Apr-12 Dec-12 Aug-13 Apr-14 Dec-14 Aug-15 Employment growth (left axis) National Bank of Greece 2Q22 results 00 0.0 2019 2020 յոր 2021 0.5 per month 0.0 Monthly evolution of non-oil goods exports and tourism receipts per annum – strong turnaround in services exports - 30 6.0 % €bn 25 5.0 20 4.0 10 15 3.0 10 2.0 5 Apr-22 1.0 Apr-16 Dec-16 Aug-17 Apr-18 Dec-18 Aug-19 Apr-20 Dec-20 Aug-21 Unemployment rate (right axis) Sources: ELSTAT, Bank of Greece, European commission, Athens International Airport, Eurocontrol Macro 2019 2020 2021 S 2022 2022 6.0 5.0 4.0 3.0 2.0 1.0 27
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