Investor Presentaiton

Accelerating core income recovery (+5% yoy) and CoR normalization lift 1H22 COP up 40% to €280m NATIONAL BANK OF GREECE € m 1H22 1H21 YoY 2Q22 QoQ NII 600 596 +1% 312 +8% Net fee & commission income Core Income 170 138 +23% 86 +1% 770 734 +5% 398 +7% Trading & other income 301 449 -33% 181 +50% Total Income 1 072 1 183 -9% 579 +17% Operating Expenses (386) (383) +1% (194) +1% 384 351 +9% 204 +13% 686 800 -14% 385 +28% Loan Impairments (104) (151) -31% (49) -13% Core Operating Profit 280 200 +40% 155 +24% Operating Profit 582 649 -10% 336 +37% Taxes (91) (5) > 100% (54) +44% PAT (cont. ops) 490 645 -24% 282 +36% Disc. ops, minorities & other PAT attributable (69) n/m (96) n/m 546 575 -5% 186 -48% P&L Highlights 1H22 Group PAT (cont. ops.) reaches €490m, supported by solid core operating trends, with COP up by 40% to €280m. Accelerating core income growth of +5% yoy is driven by positive NII trends (+1% yoy), despite significant reduction in NPE NII and sustained fee income recovery (+23% yoy), while costs are kept near flat yoy, despite accelerating inflation throughout 1H22; CoR on a normalizing trend, consistent with organic formation trends. • Despite Frontier deconsolidation, NII edges higher by +1% yoy as significantly lower NPE NII accruals (c-€54m yoy), are more than offset by PE NII growth reflecting the accelerating expansion of our PE book, up by €2.3b yoy; PE NII higher for a 4th consecutive quarter Impressive fee income growth is sustained (+23% yoy) supported by retail and corporate loan origination, with card, payments and trade finance fees driving the outperformance In light of near flat OpEx yoy, core income growth leads our C:CI to improve further by more than 2ppts yoy to 50%, despite inflationary pressures and the roll out of our strategic IT investment plan P&L | Group Core PPI PPI National Bank of Greece 2Q22 results Key P&L ratios 1H22 1H21 YOY 2Q22 QoQ NIM (bps) 188 214 21 -27 194 +12 Cost-to-Core Income (%) 50.1% 52.1% -2.0pps 48.8% -2.7pps COP margin (bps) 183 148 +35 201 +37 Financial Results 10 10

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